SEC Says Chinese Oil Co. Execs Skimmed Millions For Families

By Lance Duroni (November 30, 2012, 8:51 PM EST) -- The U.S. Securities and Exchange Commission on Thursday sued China North East Petroleum Holdings Ltd.'s top brass for fraud in New York federal court, alleging they siphoned millions from stock offerings for themselves and family members and profited from other dubious corporate transactions....

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