Xechem International Inc. (fka XKEM)

[Dspetry]

Sound familiar?!?

http://www.fbi.gov/news/stories/2011/december/mafia_121211/mafia_121211

How did they do it? According to the indictment, members of the criminal enterprise devised a plan in 2007 to take over by replacing its board of directors and management with individuals who would serve at the direction of Scarfo and Pelullo. To accomplish this, they allegedly accused board members of financial improprieties that, if brought to light, would result in costly lawsuits. Eventually, through threats and intimidation, every member of the board and executive management left.

After gaining control of the company, the looting began...

Who was that Hedge Fund guy that stood up in that shareholder meeting back in 2006?!?

Did Pandey ever get paid back?
http://www.ilnb.uscourts.gov/opinions/JudgeSchmetterer/Xechem.pdf