ForceField CEO Cooperating In $131M Securities Fraud Trail

Law360, New York (April 20, 2017, 8:39 PM EDT) -- The former chairman of efficient light products maker ForceField Energy Inc., whose stock fraud which cost investors $131 million, appeared in a New York federal court on Thursday after disappearing into law enforcement limbo, wearing prison togs and testifying against the last co-defendant in the securities fraud.

Richard St. Julien was charged in April 2015 and jailed because he was a flight risk. An FBI agent on Thursday testified that St. Julien was arrested at a Florida airport as he waited to board an international flight....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.