The SEC has obtained a court order for $6.8 million in disgorgement and interest on claims that two men fraudulently solicited investors for a trio of energy technology companies and pocketed much of the money.
Civil penalties against attorney Joseph Laura and broker Anthony Sichenzio, both insiders at the now defunct Austrian company Pristec AG and two US affiliates that Laura formed, are still to be determined. Judge Hector Gonzalez of the US District Court for the Eastern District of New York asked the Securities and Exchange Commission to recalculate the penalties in line with an applicable five-year statute of ...
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