Former GlobeTel Exec Arraigned On Fraud Charges

Law360, New York (November 25, 2009, 5:16 PM EST) -- The former top executive of GlobeTel Communications Corp. pled not guilty Wednesday to 16 criminal charges for allegedly inflating the company's revenues to attract investors and sell company stock.

Timothy Huff was arraigned in the U.S. District Court for the Southern District of Florida to one count of conspiracy, securities fraud and obstructing the Internal Revenue Service, six counts of failure to certify financial reports, four counts of lying to accountants and three counts of wire fraud.

If convicted, Huff, whose company has since been renamed...
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