Jury Finds In Favor Of SEC In CEO Fraud Case

Law360, New York (November 19, 2007, 12:00 AM EST) -- A U.S. Securities and Exchange Commission enforcement procedure that has stretched over four years and made it all the way to a jury verdict has ended in favor of the agency.

In a verdict reached on Friday, a jury in the U.S. District Court for the District of Massachusetts found that Brian Adley, former CEO of transportation-leasing equipment company Chancellor Corp., should be held liable for fraudulent accounting and using fraudulent accounting.

The jury determined that Adley had violated anti-fraud and record keeping provisions of federal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.