Former Execs of Cybersecurity Firm GigaTrust Charged With Financial Fraud


The charges, announced on Wednesday by the U.S. Justice Department, target Robert Bernardi, the Virginia-based company’s founder and CEO, Nihat Cardak, the firm’s chief financial officer, and Sunil Chandra, former VP of business development.

Founded in 2001, GigaTrust provided endpoint email security and document in-use protection solutions to enterprises and government organizations. The company filed for bankruptcy protection in late 2019.

By 2016, GigaTrust had already raised more than $46 million from investors. However, according to prosecutors, between 2016 and 2019, Bernardi, Cardak and Chandra obtained an additional tens of millions of dollars from banks, lenders and investors by using fake documents and by impersonating various individuals.