SEC Sues Big Apple Execs For CyberKey Fraud

By Elaine Meyer (November 18, 2009, 7:09 PM EST) -- The U.S. Securities and Exchange Commission sued Big Apple Consulting USA Inc. and its executives Wednesday for making fraudulent misrepresentations about hundreds of millions of shares of stock it sold in CyberKey Solutions Inc., whose chairman and CEO is in prison on related criminal charges.

The SEC filed suit in the U.S. District Court for the Middle District of Florida against Longwood, Fla.-based Big Apple, its subsidiary MJMM Investments LLC and several of the companies' executives, seeking disgorgement of any ill-gotten gains from the CyberKey stock sales, which totaled $9.6 million, and injunctions prohibiting the defendants from committing such violations in...

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