The Uptime Institute defines Tier 4 facilities as providing 99.995 percent uptime, necessitating numerous resilience measures, including cooling and power stability. Jain's firm falsely claimed this certification.
Nicole M Argentieri from the DoJ stated that Jain sought to enrich himself and his company, compromising the reliability and security of the SEC's electronic data through false certification.
The SEC identified multiple shortcomings in Jain's datacenter, such as failures in security and power, which contrasted sharply with the standards referenced in the fraudulent certification.
The legitimacy of Jain's Tier 4 certification was called into question during the contract negotiations and eventually led to the exposure of fraudulent activities by the firm.
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