Action against Defendants, an intelligence communications company, its subsidiary, its CEO, and its CTO, and Respondent, former CEO of a Special Purpose Acquisition Company (SPAC), for alleged fraud in connection with an acquisition.  According to the SEC, Respondent formed a SPAC to acquire Defendant company.  The SEC alleges that Defendants misled the SPAC’s shareholders about Defendant company’s new products and customer orders and that Respondent negligently failed to verify the information that shareholders received.  Respondent executive has agreed to pay a civil penalty of $100,000.

SEC Complaint (Hurgin, et al.)

SEC Order (Gordon)

SEC Press Release (Hurgin, et al.)