Douglas Hague of CCTI was just one of many caught up in that mess. His involvement seems minor at best. CCTI settled, without admitting guilt, and paid a $25K fine. Like I said, $40K in illegal trades, $25K fine... crime doesn't pay. :)
---------- CCTI Form 10-Q Aug. 14, 2012 ...
Douglas Hague and Clean Coal Technologies, Inc. were named in a complaint filed by the Securities and Exchange Commission (“SEC”) on June 4, 2012 in the United States District Court for the Southern District of Florida, Case No. 0:12-cv-61076-WJZ. The complaint alleged involvement in two fraudulent transactions of restricted stock in the total amount of $40,000 conducted in 2009 during a period when Mr. Hague was CEO and president of the Company. Mr. Hague is no longer associated with the Company. On August 13, 2012, the Company filed an answer to the complaint and is in active communication with the SEC seeking to settle the matter.
Douglas Hague and Clean Coal Technologies, Inc. were named in a complaint filed by the Securities and Exchange Commission (“SEC”) on June 4, 2012 in the United States District Court for the Southern District of Florida, Case No. 0:12-cv-61076-WJZ. On November 21, 2012, the Company reached a settlement with the SEC under which the Company, without admitting or denying liability, has paid a civil penalty of $25,000 and is permanently enjoined from violating certain securities laws. The settlement order was signed on December 10, 2012 by the United States District Court for the Southern District of Florida.
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