CEO Convicted Of Lying To SEC About Gov't Contracts

By Jeannie O'Sullivan (May 24, 2018, 8:09 PM EDT) -- The CEO of a microcap business that makes recreational vehicle products was found guilty by a New Jersey federal jury for a multimillion-dollar securities fraud scheme in which he inflated his company's financial state to woo investors, federal prosecutors announced Thursday.

Cary Lee Peterson of Phoenix, Arizona, who carried out the fraud by filing false reports with the U.S. Securities and Exchange Commission, was convicted Thursday of two counts of false certification in SEC filings and one count of securities fraud, according to U.S. Attorney Craig Carpenito. The verdict followed a two-week trial before U.S. District Judge Anne E. Thompson in...

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