SEC Drops Anthrax Civil Case Against Convicted Exec

Law360, New York (December 16, 2009, 1:49 PM EST) -- The U.S. Securities and Exchange Commission has asked a federal court to drop the rest of a civil case against Timothy Moses, a biotechnology executive sentenced to prison time after his company claimed the U.S. government had sought it out for an anthrax remediation product.

The SEC on Tuesday asked the U.S. District Court for the Northern District of Georgia to drop civil penalty proceedings against Moses, the former CEO of Georgia-based International BioChemical Industries.

The SEC entered a consent decree in 2003 that allowed it...
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