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jking1999

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jking1999

Re: Divine Madcat post# 78678

Sunday, 06/03/2007 1:08:06 PM

Sunday, June 03, 2007 1:08:06 PM

Post# of 82841
Divine Madcap: That's my point. With the CEO admitting that fraud occurred, but it wasn't him, pretty much damns Cyberkey's case.

In the eyes of the SEC, any fraud committed by a companies officers (and a comptroller is an officer), is fraud committed by the company.

Look at USXP - The company got fined just about 21M, yet the CEO who committed all of the infractions got nailed for about 3.5M.

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