Exec Convicted Of Perjury In Extension Of Fraud Case

Law360, New York (October 31, 2005, 12:00 AM EST) -- An executive who told investors the U.S. government was interested in buying his company’s anthrax remediation product has been convicted of perjury in federal court.

Timothy Moses, the former CEO of Georgia based International BioChemical Industries, was convicted of perjury in conjunction with a Securities and Exchange Commission fraud investigation.

The Securities and Exchange Commission first began investigating Moses and his company in 2003, after he issued several press releases saying the federal government had contacted him about purchasing one of IBCI’s systems for anthrax cleanup...
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