SEC Settles Fraud Suit With Ex-US Technologies CEO

Law360, New York (June 15, 2011, 1:15 PM EDT) -- The U.S. Securities and Exchange Commission settled a fraud suit against a former U.S. Technologies Inc. executive in Washington on Monday, six years after a jury convicted him of stealing $13.8 million from investors in a parallel criminal case.

U.S. District Judge Reggie B. Walton entered a final judgment that prohibits former U.S. Technologies chairman and CEO C. Gregory Earls from serving as a director or officer of a public company for 20 years and orders him to comply with securities laws.

But the SEC dropped...
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