SEC Wants $2M In Idaho Nuclear Developer's Assets Frozen

Law360, New York (November 2, 2012, 8:01 PM EDT) -- The U.S. Securities and Exchange Commission pressed an Idaho federal court Thursday to freeze $2 million in assets belonging to Alternate Energy Holdings Inc., claiming the nuclear power developer defied a court order and hid the use of its fast-decreasing funds from investors.

Along with its push for an asset freeze, the SEC asked for an order to show cause why AEHI and its CEO Donald L. Gillispie should not be held in contempt of a required accounting and why they are not in breach of...
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