https://www.fraudswatch.com/financial-fraud-nandu-thondavadi-ceo-of-schaumburg-based-quadrant-4-system-corp-charged-with-one-count-of-willfully-certifying-false-financial-reports/
CEO of Schaumburg Consulting Firm Arrested on Fraud Charges for Misrepresenting Company’s Financial Condition CHICAGO — The chief executive of a publicly-traded consulting firm has been charged in federal court with fraudulently misrepresenting the company’s financial condition and lying to regulators. NANDU THONDAVADI, the CEO of Schaumburg-based Quadrant 4 System Corp., intentionally misrepresented the firm’s cash flow and concealed its liabilities in filings with the U.S. Securities and Exchange Commission, according to a criminal complaint and affidavit filed in U.S.
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