9th Circ. Upholds Fraud Ruling For Ex-US Wireless CEO

Law360, New York (December 21, 2010, 4:09 PM EST) -- A federal appeals court has affirmed the U.S. Securities and Exchange Commission’s victory in a securities fraud case against Oliver Hilsenrath, the ousted CEO of defunct technology company U.S. Wireless Corp.

On Friday, the U.S. Court of Appeals for the Ninth Circuit shot down Hilsenrath’s pro se challenge to the district court’s handling of his civil fraud case as well as the judgment imposing a $110,000 penalty and a five-year officer bar.

In the unpublished opinion, the Ninth Circuit panel rejected Hilsenrath’s claims that the trial...
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