Mining Exec Calls SEC Case 'Spiteful, Revengeful'

Law360, New York (February 17, 2010, 2:32 PM EST) -- A gold mining company and its top executive have launched a counterclaim that accuses the U.S. Securities and Exchange Commission of filing a false and misleading federal court action that is both “spiteful” and “revengeful.”

In January, the SEC sued Tsukuda-America Inc. and John W. Petros, the company's sole officer and director, for allegedly forging an audit report, a legal opinion and a geologist's report — and making other false and misleading statements — in an attempt to sell $600,000 worth of common stock to the...
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