AiNET Corp. and Deepak Jain Agree to Pay $1.8M to Resolve Allegations of Submitting False Claims to the U.S. Securities and Exchange Commission for Data Center Services

doj_press · 2026-08-24

$NET

AiNET Corp. and its former Chief Executive Officer Deepak Jain have agreed to pay $1,800,000 to resolve allegations that they violated the False Claims Act by knowingly submitting false claims for data center services provided under a contract with the U.S. Securities and Exchange Commission (SEC). AiNET operates a data center in Beltsville, Maryland.

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