Wednesday, February 01, 2012 7:06:20 PM
CIVIL
If he exceeded scope of contract, then whomever employed him can sue in civil court for breach of contract, and recover damages. Here, the petitioner is whomever employed him, presumably the major shareholder. If found guilty here, no jail time, just have to make whole.
CRIMINAL / FELONY
If he hijacked AIMH without authorization, then all one (anyone) needs to do is file a complaint with the District Attorney and call for an investigation into grand theft and fraud. This is a FELONY CRIMINAL matter, where the petitioner and prosecutor will be the DA. If found guilty here, possible prison time, $ penalties, etc. I vaguely recall someone saying Kidder did serve jail time for something else he did in securities, so maybe he'll go back to prison over this one.
Then, there's the SEC and OTCMarkets. Other animals.
Think OJ Simpson.
1st -- CRIMINAL - OJ was prosecuted by the DA for criminal charges & found innnocent.
2nd - CIVIL - OJ was sued in civil court by his wife's family where he was found guilty & had to pay them $.
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