July 29, 2015
A federal magistrate on Wednesday recommended partially accepting the government's motion to hold former GlobeTel Communications Corp. executive Joseph Monterosso in contempt for failing to repay hundreds of thousands in penalties, calling his reasons "inconsistent or downright contradictory," but said he could avoid jail time by quickly repaying $120,000.
February 16, 2012
A Florida federal judge recommended Thursday that jailed former GlobeTel Communications Corp. CEO Timothy Huff pay a $1.2 million civil penalty and disgorge $1.5 million for his role in the telecommunications company's revenue inflation scheme.
August 17, 2011
Two civil defendants who allegedly helped GlobeTel Communications Corp. in a scheme to report inflated revenue that landed the company's ex-CEO in prison should pay $900,000 in disgorgement and interest, as well as penalties, securities regulators told a Florida magistrate judge Wednesday.