March 03, 2014
The Eleventh Circuit on Monday upheld $1.9 million in civil penalties levied by the U.S. Securities and Exchange Commission against three former GlobeTel Communications Corp. employees for their roles in a scheme to report $119 million in inflated company revenue.
December 13, 2013
Three former GlobeTel Communications Corp. employees accused by the U.S. Securities and Exchange Commission of aiding a scheme to report $119 million in inflated company revenue appealed rulings against them, telling an Eleventh Circuit panel Friday that the penalties were too large.