Sept 8 (Reuters) -
* U.S. announces criminal charges against former CEO, former CFO of technology
start-up kit digital
* U.S. says former CEO kaleil isaza tuzman was arrested in Colombia on market
manipulation and accounting fraud charges
* U.S. says former CFO robin smyth was arrested in Australia on accounting
fraud charges
* U.S. says both defendants being held in countries where they were arrested
pending extradition proceedings
* U.S. accuses the defendants of misleading investors about the health of kit
digital, which was publicly traded
* U.S. says the fraud caused kit digital to overstate assets and understate
losses in its 2011 annual report
* U.S. Securities and Exchange Commission files related civil charges against
both defendants -- court filing