" MEMORANDUM OPINION This long-running case features a civil-enforcement action brought by the Securities and Exchange Commission, alleging that e-Smart Technologies, Inc., a public company, was a sham. While it purported to be at the cutting edge of developing and manufacturing a biometric “smart” card, such claims, according to the Commission, were pie in the sky. In fact, pro se Defendants Mary Grace (the company’s CEO) and Tamio Saito (its Chief Technology Officer) repeatedly misrepresented the cards’ capabilities to investors. "
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