SEC Obtains $62.6 Million Judgment Against Former Symbol Technologies CEO

The Securities and Exchange Commission Sept. 30 obtained a judgment of more than $62.6 million in its financial fraud case against the former chief executive officer of Symbol Technologies Inc., in what observers say is one of the largest sums ever awarded to the commission against an individual (SEC v. Symbol Technologies Inc.).

The U.S. District Court for the Eastern District of New York ordered Tomo Razmilovic to disgorge $41,753,623.04, and to pay a civil penalty of $20,876,811.52, for a total amount of $62,630,434.56. The court also directed the SEC, within 30 days of its decision, to calculate ...