Hi gang. I'm new to this board. I have a question: Is the Hugh Dunkerley who recently abruptly resigned the same Hugh Dunkerley mentioned in this SEC investigation?
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 13, 2016, Hugh Dunkerley, a member of the Board of Directors (the “Board”) of ChromaDex Corporation (the “Company”), resigned from the Board and as a member of the compensation committee of the Board (the “Compensation Committee”). Mr. Dunkerley’s resignation was not the result of any disagreements with the Company’s operations, policies, or practices. As a result of his departure from the Board, Mr. Dunkerley will no longer be standing for re-election to the Board at the Company’s Annual Meeting of Shareholders on June 2, 2016.
And the SEC investigation:
Devon Archer, Jason Galanis and others face securities-fraud charges related to alleged tribal bond scheme
By
CHRISTOPHER M. MATTHEWS
Updated May 11, 2016 8:08 p.m. ET
Federal prosecutors charged a former campaign adviser to Secretary of State John Kerryand a second man once dubbed by the media “porn’s new king” along with five others in an alleged scheme involving a Native American Tribal bond offering.
Devon Archer, an adviser to Mr. Kerry’s presidential campaign in 2004, and Jason Galanis, a former investor in the adult-entertainment business, allegedly duped clients into investing more than $43 million in sham bonds issued in 2014 and 2015 by an affiliate of the Oglala Sioux Nation in South Dakota.
Messrs Archer, Galanis and the five other defendants, including Mr. Galanis’s father, then allegedly diverted tens of millions of the bond investments to accounts they controlled and used them to purchase luxury goods and support an initial public offering for a technology company, authorities said.
Lawyers for Mr. Archer and for Mr. Galanis and his father didn’t immediately respond to requests for comment.
All seven defendants were arrested Wednesday, and the Manhattan U.S. attorney’s office charged them with securities fraud. The Securities and Exchange Commission filed related civil charges.
Along with Jason Galanis, 45 years old, those arrested were his father, John Galanis; Devon Archer; Bevan Cooney; Hugh Dunkerley; Gary Hirst and Michelle Morton.
Susan Brune, a lawyer representing Mr. Dunkerley, said her client “looks forward to addressing the charges.”
Did the BoD ASK Dunkerley to leave and let him 'save face?' Is there any chance of Dunkerley's financial games have been played on CDXC shareholders?
AI
