"Law360, New York (June 6, 2017, 9:45 PM EDT) -- The U.S. Securities and Exchange Commission hit a former CEO and a company he ran with a lawsuit in New York federal court on Tuesday alleging that he used a sham company as a dumping ground for unwanted liabilities from the motor freight and beverage businesses he was hired to turn around.
The SEC says David N. Fuselier cooked the books at Integrated Freight Corp. and New Leaf Brands Inc. by transferring the publicly traded companies’ defunct subsidiaries to a sham company called Deep South Capital..."
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