Some. Five pretty straightforward pages.
The action clearly states he perpetrated a scheme to fraudulently improve the financial status of IFCR and NLEF. It asked that he be barred from holding any position in a publicly traded company, barred from participating in the activities of any penny stock, "ordered to disgorge all ill-gotten gains and pay pre-judgement interest on those amounts," and that the court will be "imposing civil money penalties."
David Fuselier did not respond to the summons, did not appear in court. According to others on this board, he went fishing. Guilty by default.
My guess, with this information: his "ill-gotten gains" may or may not be considered his salary, but it has yet to be seen or proved that he actually made any money from IFCR stock. Probably didn't, but now he certainly never will. There will be a fine later, I'm sure equal to what one of us lost--maybe. The possible upside is with this matter closed, maybe IFCR will move forward. I doubt anyone's holding their breath on that, but I don't see any reason to sell my shares, either.
News 
Market Data 
Discover 
