The latest indictment out of Manhattan illustrates how fragile compliance controls can be when executives collude across corporate boundaries. Prosecutors allege that Anil Mathews and Rahul Agarwal, formerly the CEO and CFO of Near Intelligence, a data-analytics firm that has since collapsed, joined forces with Kenneth Harlan, chief executive of
DOJ targets SPAC-fueled fraud at Near Intelligence
The case highlights how the rapid timelines and projection-heavy disclosures of SPAC structures can be exploited to mislead investors.