July 30, 2019
The former CEO of bankrupt IT company Quadrant 4 System Corp. has agreed to pay $2.9 million to resolve the U.S. Securities and Exchange Commission's suit alleging he embezzled millions out of the company and filed false financial statements to cover it up.
June 19, 2018
A former executive at an Illinois information technology company has agreed to pay more than $1.6 million to resolve the U.S. Securities and Exchange Commission's claims he embezzled millions and filed false financial disclosures to cover it up, the commission said in a court filing Tuesday.
September 21, 2017
A bankrupt information technology company whose former top executives face criminal fraud charges for allegedly plundering their company's accounts and trying to hide it won't have to pay a cent under a settlement filed by the U.S. Securities and Exchange Commission in Illinois federal court on Wednesday.
June 29, 2017
The U.S. Securities and Exchange Commission sued Quadrant 4 System Corp. and two former leaders in Illinois federal court on Thursday, saying they took $4.1 million of company money and lied about multiple financial matters to investors.