Infosec biz boss accused of BS'ing the world about his career, anti-crime product, customers

This report details the SEC’s complaint and settlement (pending court approval) with Intrusion’s ex-CEO Jack Blount over alleged misrepresentations about the Intrusion Shield product, his background, and customer adoption, including overstated beta conversions and a non-existent Fortune 100 deployment; while Blount neither admitted nor denied the allegations and faced no monetary penalty due to inability to pay, he accepted an officer/director bar, and the case highlights how inflated claims in press releases and SEC filings coincided with increased stock price and volume prior to his termination in July 2021.