Also Mona, who retired from the company Jan. 22, was barred from serving as an officer or director of any company whose shares are publicly traded as the result of the settlement of a 2017 fraud case brought against him by the U.S. Securities & Exchange Commission (SEC). Mona settled the case in June last year without admitting guilt, but also paid $40,000 as part of a resolution with the government. Mona’s son, Michael Mona III, also a co-founder, became Chief Operating Officer at the moment of the senior Mona’s retirement in January. He’d previously served as President, a position that was eliminated. The Company also announces that Michael Mona III has resigned from the office of President of the Company, and the board of directors has eliminated the position. Joseph Dowling shall continue to serve as the Company’s Chief Executive Officer and Michael Mona III shall continue to serve as the Company’s Co-Founder and Chief Operating Officer. And you are correct, you have never been my personal assistant. You have a good weekend now.
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