Xtreme Fighting Championships, Inc. and its CEO generated over $5 million illicitly from 2020 to early 2022, the US Securities and Exchange Commission says.
Steve A. Smith Jr. and in-house counsel Christopher Davies hid their control of the company’s stock and used a pseudonym to skirt legal limits on sales by insiders, the SEC said in a lawsuit filed in the US District Court for the Southern District of Florida on Monday. The mixed martial arts entertainment company received at least $436,000 of those illegal funds, the SEC said.
Xtreme Fighting traded in the over-the-counter market for the timeframe addressed ...
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