SEC Charges Hurricane Restoration Company and Executives in Post-Katrina Accounting Fraud

{ Posted on Nov 30 2009 by SEC.gov Updates: Press Releases }
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The Securities and Exchange Commission today charged a Dallas and New Orleans-based hurricane restoration company and several executives for lying about non-existent business deals in the wake of Hurricane Katrina, and fraudulently inflating the company's stock price before the company's CEO sold millions of dollars in company shares.

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