San Diego, CA -- (SBWire) -- 01/30/2017 --NCI Inc is under investigation over potential securities laws violations. The investigation was announced on behalf of investors of NCI Inc (NASDAQ:NCIT) shares in connection certain financial statements made by NCI Inc.
Investors who purchased shares of NCI Inc (NASDAQ:NCIT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of NCI Inc (NASDAQ:NCIT) concerning whether certain statements by NCI Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 23, 2017, NCI Inc announced that, based upon preliminary findings, it has discovered that its controller embezzled money from the Company. NCI Inc said that while the investigation is ongoing,it believes that its former controller embezzled approximately $18 million over the last six years. NCI Inc said that of the estimated $18 million of embezzled funds, the Company believes that approximately $5 million was taken during 2016 and the remaining $13 million was taken over the prior five years.
Shares of NCI Inc (NASDAQ:NCIT) declined to as low as $12.35 per share on January 23, 2017.
Those who purchased shares of NCI Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
NASDAQ:NCIT Investor Alert: Investigation over Possible Securities Laws Violations by NCI Inc
An investigation for investors in NCI Inc (NASDAQ:NCIT) shares over potential securities laws violations by NCI Inc was announced and NASDAQ:NCIT stockholders should contact the Shareholders Foundation.