Ex-Accesskey CEO Pleads Not Guilty To Stock Inflation

Law360, New York (September 28, 2010, 4:32 PM EDT) -- Former Accesskey IP Inc. President Bruce Palmer has pled not guilty to charges that he committed wire and securities fraud by working with a stockbroker to buy shares of the data security company in order to inflate its stock price.

Palmer filed the plea at his arraignment Friday in the U.S. District Court for the Southern District of Florida, and posted a $250,000 bond for bail.

The former executive, who resigned as head of the Albuquerque, N.M.-based encryption software developer earlier in 2010 due to health...
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