Ex-Syntax Exec Must Cough Up $48.5M For Insider Trading

Law360, New York (January 13, 2012, 10:05 PM EST) -- An Arizona federal judge hit former Syntax-Brillian Corp. Chief Procurement Officer Thomas Chow with a $48.5 million default judgment on Thursday for failing to answer fraud and insider trading charges filed against him by the U.S. Securities and Exchange Commission.

The SEC said in August that three Syntax executives — Chow, former Syntax President James Li and former Chief Financial Officer Wayne Pratt — had set up a so-called circular cash flow scheme in which money paid out to a supplier was secretly routed back through...
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