SEC Sues Ex-Aerokinetic GC Over Offering

Law360, New York (May 11, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has accused the former general counsel of Aerokinetic Energy Corp. of violating the registration and anti-fraud provisions of securities laws with an allegedly fraudulent unregistered securities offering at the company.

In a complaint filed Friday in the U.S. District Court for the Middle District of Florida and announced by the SEC Monday, the commission accuses Daniel W. Nodurft of knowing that Aerokinetic's energy technologies and products were in the early development stage and not, as was reported to investors, at...
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