Video Games Co. Founder Hit With SEC Fraud Suit

Law360, New York (September 25, 2013, 7:20 PM EDT) -- The founder of a Christian-themed video game manufacturer and an accomplice have been hit with a fraud suit by the U.S. Securities and Exchange Commission, which accuses the men of falsely inflating the failing company’s revenues through a circular kickback scheme, the commission said Wednesday.

Left Behind Games Inc. CEO Troy Lyndon is accused of issuing almost two billion shares of stock to purported consultant and co-defendant Ronald Zaucha pursuant to a deal where Zaucha sold off millions of unregistered shares and then kicked back most...
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