Latest news with #Nexus
Yahoo
12 hours ago
- Business
- Yahoo
Assault charge won't be pursued against former CEO of Nexus Services Inc.
Mike Donovan, the former CEO of Nexus Services Inc., will not be facing an assault and battery charge after the Augusta County Commonwealth's Attorney's Office opted to not pursue the misdemeanor case. On May 27, the decision was made in Augusta County General District Court to not prosecute the charge. Donovan had been accused of assaulting 25-year-old Zachary Cruz at his Fishersville home, where Cruz lived for several years. Cruz is the younger brother of Nikolas Cruz, who shot and killed 17 people at Marjory Stoneman Douglas High School in Parkland, Florida, in 2018. Shortly after the shooting, Donovan and his husband, Richard Moore, took in the younger Cruz and moved him to Virginia. He lived with the couple until recently. Zachary Cruz is also listed as the victim in a current Augusta County theft case involving Donovan and Moore, also a former Nexus executive. Another former Nexus executive, Timothy Shipe, is implicated in the alleged scheme as well. The trio is accused of orchestrating the theft of $426,000 from Cruz and are scheduled to be tried in September in front of a jury. Cruz and his brother received an insurance payout following the death of their mother prior to the school massacre. Donovan and Moore face two charges each of financial exploitation of a vulnerable adult and obtaining money by false pretenses in the alleged theft. Shipe is facing two felonies. Based on charges in the theft case, Cruz is considered a vulnerable adult. According to Virginia law, the term applies to any person 18 years of age or older who is impaired by reason of mental illness, intellectual or developmental disability, physical illness or disability, or other causes, and lacks a sufficient understanding to make reasonable decisions. Cruz has since moved out of Donovan and Moore's residence and is being assisted by Adult Protective Services, according to Augusta County Assistant Commonwealth's Attorney Katie Jackson. Cruz also recently went missing but was safely located. Jackson said his brief disappearance didn't have an impact on the case, and said the decision to not pursue the assault charge against Donovan was an effort to focus on the upcoming September jury trial on the theft allegations. "It was not in the best interest of justice at this time," Jackson said when asked about not prosecuting Donovan on the misdemeanor charge. More: Summer Reading Game, public workshop, Genius Hour and Waynesboro Walmart: THE DIGEST Donovan was suspected of assaulting Cruz on March 9. The two were in a verbal argument concerning a dog before the incident allegedly turned physical, and Donovan was accused of wrestling Cruz to the ground. At an earlier court hearing, Donovan told the court that Cruz was the aggressor during the incident and said he was certain he would be found not guilty on the misdemeanor assault charge. Donovan, Moore and Shipe all remain free on bond. However, Moore will be sentenced May 29 in federal court in Harrisonburg after pleading guilty in January to two charges of tax fraud for bilking the IRS out of nearly $3.2 million while he worked at Nexus. The once high-flying company, which provided bond securitization for immigrants held or released from United States Immigration and Customs Enforcement, saw its Verona campus auctioned off for $3.4 million in 2023 after the property went into foreclosure. Nexus pulled in an estimated $230 million while in operation for nearly a decade or so. Court files state Nexus was sold last year in April for less than $5, the same month a federal judge ruled that Donovan, Moore, and minority owner Evan Ajin – along with Nexus and a subsidiary – pay $811 million for violating various state consumer protection laws and the Consumer Financial Protection Act of 2010. Moore, Donovan and Ajin were ordered to pay over $111 million each in the lawsuit. More: Augusta Springs man facing rape charge Brad Zinn is the cops, courts and breaking news reporter at The News Leader. Have a news tip? Or something that needs investigating? You can email reporter Brad Zinn (he/him) at bzinn@ You can also follow him on X (formerly Twitter). This article originally appeared on Staunton News Leader: Assault charge against ex-Nexus Services Inc. CEO won't be pursued
Yahoo
4 days ago
- Yahoo
Ferry skipper father shows son the ropes
A new recruit on the Shields Ferry is proving to be a chip off the old block by following in his father's footsteps. Stephen Beck joined the passenger ferry which links North and South Shields across the River Tyne as second mate and is in training to pass the maritime equivalent of a driving test Among those showing him the ropes is his father - also Stephen - who has 30 years of experience as the craft's skipper. The 23-year-old said it was great to be able to tap into all that knowledge. Mr Beck Sr, 61 and from Gateshead, said: "The ferries must be in the blood, because he really has the knack of driving them. "He's a chip off the old block. "I've been showing him the ropes, as I do with all our new recruits, and it does seem like he's got this natural ability for the job. "It's brilliant that the ferry-driving baton is being passed from father to son in our family." Mr Beck Jr, also from Gateshead, added: "Part of the appeal of the job was a chance to work with my dad. "He has huge experience and knowledge of the ferry - it's great that I've been able to tap into that. "He's not too much of a taskmaster...I'd say firm but fair so far, he's not had to tell me off for anything just yet." He added: "It was a bit daunting at first, getting behind the controls of the ferry with your dad at your shoulder giving the lesson. "It's a bit like learning to drive a car, once you get the hang of it you're absolutely fine." Operator Nexus said it was the first time it had such a family connection and it was heartwarming to see how proud they were to work together. Follow BBC North East on X, Facebook, Nextdoor and Instagram. 'A lot of people think I'm related to Sting' Cayman Islands weatherman gets new job on Tyne ferry Nexus
BBC News
4 days ago
- BBC News
Shields ferry skipper shows trainee son ropes
A new recruit on the Shields Ferry is proving to be a chip off the old block by following in his father's Beck joined the passenger ferry which links North and South Shields across the River Tyne as second mate and is in training to pass the maritime equivalent of a driving testAmong those showing him the ropes is his father - also Stephen - who has 30 years of experience as the craft's 23-year-old said it was great to be able to tap into all that knowledge. Mr Beck Sr, 61 and from Gateshead, said: "The ferries must be in the blood, because he really has the knack of driving them. "He's a chip off the old block."I've been showing him the ropes, as I do with all our new recruits, and it does seem like he's got this natural ability for the job. "It's brilliant that the ferry-driving baton is being passed from father to son in our family." 'Bit daunting' Mr Beck Jr, also from Gateshead, added: "Part of the appeal of the job was a chance to work with my dad. "He has huge experience and knowledge of the ferry - it's great that I've been able to tap into that."He's not too much of a taskmaster...I'd say firm but fair so far, he's not had to tell me off for anything just yet."He added: "It was a bit daunting at first, getting behind the controls of the ferry with your dad at your shoulder giving the lesson."It's a bit like learning to drive a car, once you get the hang of it you're absolutely fine." Operator Nexus said it was the first time it had such a family connection and it was heartwarming to see how proud they were to work together. Follow BBC North East on X, Facebook, Nextdoor and Instagram.
Economic Times
20-05-2025
- Business
- Economic Times
Cybersecurity startup Cloudsek raises $19 million in funding led by Tenacity Ventures, Commvault
ETtech Rahul Sasi, founder, Cloudsek Predictive cybersecurity Cloudsek has raised $19 million in a fresh funding round led by Tenacity Ventures and Commvault. Others participating in the round include Inflexor Ventures, MassMutual Ventures and Prana Ventures, along with some strategic investors. Founded in 2015 by Rahul Sasi, Cloudsek uses its artificial intelligence (AI)-backed stack with 18 applications to predict and mitigate cyber threats. The startup will use the capital for product innovation, global expansion and doubling down on existing international markets like the US, UAE and Asia Pacific, cofounder and CEO Rahul Sasi told ET."Today, most of the cyber threats originate from human beings. In the next few years, they will be orchestrated and planned by AI. So, humans would need smarter solutions to defend against them," Sasi technology identifies initial attack vectors, such as leaked credentials, exposed APIs or compromised vendors, as opposed to tools that respond after a cyberattack incident. "Our version of threat intelligence is predictive, not forensic," he explained. The startup has over 250 customers, including Fortune 500 companies, across banking, healthcare, technology and the public sector. It has so far raised $30 million. "Today, over 60% of our net new revenue comes from international markets, with the US emerging as our fastest-growing region. We have achieved this scale while staying cash flow positive," Sasi said, adding that Cloudsek is growing 70% year-on-year. It also uses an AI-backed command centre, Nexus, trained on open source data and streamlines it in one place. Through this platform, security teams can access and analyse intelligence in real time and identify attack patterns and vulnerabilities across their digital AI platform, trained via large language models and multi-language models, also provides cyber risk quantification through which companies can assess potential financial losses and regulatory said the rise of cybercrime is related to geopolitical tensions as well. "There are wars happening right now. You will see every time the economy goes down, cybercrime goes up," he said. He added that the preventive cybersecurity market was earlier dominated by American or Israeli companies, however, India has now come to play a significant role in it.
Time of India
20-05-2025
- Business
- Time of India
Cybersecurity startup Cloudsek raises $19 million in funding led by Tenacity Ventures, Commvault
Predictive cybersecurity Cloudsek has raised $19 million in a fresh funding round led by Tenacity Ventures and Commvault. Others participating in the round include Inflexor Ventures, MassMutual Ventures and Prana Ventures, along with some strategic investors. Founded in 2015 by Rahul Sasi, Cloudsek uses its artificial intelligence (AI)-backed stack with 18 applications to predict and mitigate cyber threats . The startup will use the capital for product innovation, global expansion and doubling down on existing international markets like the US, UAE and Asia Pacific, cofounder and CEO Rahul Sasi told ET. "Today, most of the cyber threats originate from human beings. In the next few years, they will be orchestrated and planned by AI. So, humans would need smarter solutions to defend against them," Sasi said. Cloudsek's technology identifies initial attack vectors, such as leaked credentials, exposed APIs or compromised vendors, as opposed to tools that respond after a cyberattack incident. "Our version of threat intelligence is predictive, not forensic," he explained. Live Events The startup has over 250 customers, including Fortune 500 companies, across banking, healthcare, technology and the public sector. It has so far raised $30 million. "Today, over 60% of our net new revenue comes from international markets, with the US emerging as our fastest-growing region. We have achieved this scale while staying cash flow positive," Sasi said, adding that Cloudsek is growing 70% year-on-year. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories It also uses an AI-backed command centre, Nexus, trained on open source data and streamlines it in one place. Through this platform, security teams can access and analyse intelligence in real time and identify attack patterns and vulnerabilities across their digital ecosystem. The AI platform, trained via large language models and multi-language models, also provides cyber risk quantification through which companies can assess potential financial losses and regulatory impacts. Sasi said the rise of cybercrime is related to geopolitical tensions as well. "There are wars happening right now. You will see every time the economy goes down, cybercrime goes up," he said. He added that the preventive cybersecurity market was earlier dominated by American or Israeli companies, however, India has now come to play a significant role in it.
