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Alias Born | 03/08/2004 |
Thursday, February 17, 2011 8:38:35 AM
When trying to deflect attention from shortcomings in IMGG's FDA disclosure and lack of SEC approval of IMGG'sfinancing, the CEO of a publicly traded company needs to beware of using the "good name" defense. The laws of unintended consequences come into play when the "good name" defense is asserted.
Scott Sand, the CEO of another scam I follow found that one out. He settled with the SEC this week. He will be sentenced to prison in the DOJ case next month.
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