Deepak Jain and his company performed fully under the SEC contract. There is no evidence that any data was lost or compromised in any way. Mr. Jain is an innocent man who looks forward to confronting these charges at trial.
According to the indictment, Jain's firm provided fraudulent certification documents during contract negotiations in 2011, claiming that their Beltsville, Maryland, data center met Tier 4 standards, which require 99.995% uptime and advanced resilience features.
The Tier 4 data center certificates are awarded by Uptime Institute and not 'Uptime Council.' This misrepresentation of the certification undermined the integrity of the contract with the SEC.
From 2012 through 2018, the SEC paid Company A approximately $10.7 million for the use of Company A's data center in Beltsville, Maryland.
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