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Government Unlocks Alleged CyberKey Fraud

Law360 (July 2, 2007, 12:00 AM EDT) -- A grand jury has indicted the head of tech company CyberKey Solutions Inc. for allegedly orchestrating a securities fraud scheme and then lying about it to the U.S. government.

If convicted, James E. Plant, the chairman, CEO and president of CyberKey, will forfeit at least $3.5 million to the government and spend time in prison.

“Plant is alleged to have given false testimony to the [U.S. Securities and Exchange] Commission about CyberKey's purported business dealings with the U.S. Department of Homeland Security, the receipt of payments...
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