Ex-Striker Execs Told To Cough Up $7M In SEC Fraud Suit

Law360, New York (August 24, 2011, 3:03 PM EDT) -- A Texas federal judge ruled Monday that two former Striker Petroleum LLC executives should pay nearly $6.9 million combined in disgorgements and penalties for allegedly inflating the company's value and swindling investors out of $57 million.

Judge Sidney A. Fitzwater issued a final judgment against ex-Striker President Mark Roberts and former Vice President Christopher Pippin, granting a July request by the U.S. Securities and Exchange Commission to hit the men with stiffest monetary fines possible by law, on top of having to give back illegal profits...
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