Judge Says Ex-GlobeTel CEO Should Pay $2.7M

Law360, New York (February 16, 2012, 6:04 PM EST) -- 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.

U.S. Magistrate Judge Ted E. Bandstra said in a report and recommendation that Huff’s criminal conviction did not preclude the U.S. Securities and Exchange Commission’s bid for a civil fine. Huff was sentenced July 25 to over four years in prison and ordered to pay $523,550 in restitution for creating fake...
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Case Information

Case Title

Securities and Exchange Commission v. Monterosso et al

Case Number



Florida Southern

Nature of Suit



Joan A. Lenard

Date Filed

November 21, 2007

Law Firms

Government Agencies

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