ID Co. Exec Sanctioned For Failure To Produce 'Smart Cards'

Law360, New York (December 2, 2013, 8:09 PM EST) -- A D.C. federal judge on Monday sanctioned the CEO of e-Smart Technologies Inc., a purported producer of biometric identification cards, in a U.S. Securities and Exchange Commission securities fraud suit for defying orders to produce some of the so-called smart cards sought by the commission.

U.S. District Judge James E. Boasberg ruled that due to e-Smart head Mary Grace's failure to hand over the smart cards, she will be barred from asserting the smart cards in question contain unique biometric sensors, microprocessors and other features that...
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