What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because of ongoing troubles with its majority shareholder and primary source of funding, according to documents filed 16 September with the Securities and Exchange Commission (SEC).
The firm, which provided security technologies and services to government and commercial customers, was unable to continue operations after a federal judge forced Miami-based investment bank ES Bankest into receivership earlier this month.
