A self-described equity holding company and its CEO allegedly put out fake and misleading press releases and grossly exaggerated the company’s assets and prospects, the SEC said Wednesday in Connecticut federal district court.
Halitron Inc. and CEO Bernard Findley disseminated fake press releases between 2016 and 2018 in an effort to “prop up the value of Halitron’s stock” and attract new funding, according to a Securities and Exchange Commission complaint in the U.S. District Court for the District of Connecticut.
The press releases “included grossly inaccurate and, in some instances, wholly fabricated, information” about Newtown, Connecticut-based Halitron’s operations and revenue, ...
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