Ex-Syntax Head To Pay $11.6M In SEC Insider Trading Suit

Law360, New York (April 5, 2012, 7:25 PM EDT) -- An Arizona federal judge on Tuesday ordered James Li, former head of the defunct television maker Syntax-Brillian Corp., to pay nearly $11.6 million in penalties as part of a fraud and insider trading suit brought against him and other executives by the U.S. Securities and Exchange Commission.

The SEC filed suit in August and accused senior management of Syntax, a developer and distributor of high-definition televisions under the Olevia brand, of perpetrating "egregious financial fraud." In his role as president and later CEO, Li allegedly falsified...
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