Actions against Defendants, four former executives of an energy services company, and Respondents, two accountants, for alleged fraud and professional misconduct. According to the SEC, Defendants misled investors by, among other misrepresentations, inflating the number of power plants that the company was building. The SEC alleges that one Respondent accountant aided Defendants in perpetrating the fraud, and that the other Respondent accountant failed to audit the company in accordance with PCAOB standards. Respondents have agreed to bars against practicing before the SEC as accountants. One Respondent has agreed to pay a civil penalty of $70,000.
Home > Ponzi Schemes, Offering Frauds, and Other Scams > SEC v. Johnny R. Thomas, et al. (D. Nev. June 28, 2019, Contested); In re R. Gordon Jones, CPA (A.P. June 28, 2019, Settled); In re S. Jeffrey Jones, CPA (A.P. June 28, 2019, Settled)