ID Co. Exec Sanctioned For Failure To Produce 'Smart Cards'

Law360, New York (December 02, 2013, 8:09 PM ET) -- A D.C. federal judge on Monday sanctioned the CEO of e-Smart Technologies Inc., a purported producer of biometric identification cards, in a U.S. Securities and Exchange Commission securities fraud suit for defying orders to produce some of the so-called smart cards sought by the commission.

U.S. District Judge James E. Boasberg ruled that due to e-Smart head Mary Grace's failure to hand over the smart cards, she will be barred from asserting the smart cards in question contain unique biometric sensors, microprocessors and other features that...
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Case Information

Case Title

U.S. SECURITIES AND EXCHANGE COMMISSION v. E-SMART TECHNOLOGIES, INC. et al

Case Number

1:11-cv-00895

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

James E. Boasberg

Law360 Coverage

Date Filed

May 13, 2011

Sections

Companies Mentioned

Government Agencies Mentioned

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