Ex-World Fuel Exec Strikes Deal In $1M SEC Suit

Law360, New York (April 11, 2011, 2:36 PM EDT) -- A former Wold Fuel Service Corp. executive implicated in a $1 million insider trading scheme has settled with the U.S. Securities and Exchange Commission, according to a motion filed Friday in a Florida federal court.

Ex-World Fuel executive Steven Scoppetuolo, now the second of five defendants to strike a deal with the SEC, has consented to the judgment of the U.S. District Court for the Southern District of Florida. He will return his ill-gotten profits and pay as-yet-undetermined civil penalties, according to a motion filed by...
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