Actions against Respondents, two former executives of a hair and personal care products company, for alleged misstatements in financial reporting. According to the SEC, Respondents overstated the company’s revenues by recording revenue for products that were not sold, overbilling customers and then later crediting their accounts, and shipping products without expecting payment. Respondents have agreed to pay respective civil penalties of $130,000 and $80,000.

SEC Order (Khesin)

SEC Administrative Summary (Khesin)

SEC Order (Silva)

SEC Administrative Summary (Silva)