Actions against Defendants, a technology company and two former CEOs, for allegedly aiding and abetting manipulative trading in the company’s stock and issuing a press release containing false statements. According to the SEC, Defendant former CEO received kickbacks from a stock promoter in connection with sales designed to artificially increase the price of Defendant corporation’s stock.  The SEC further alleges that the other Defendant former CEO knowingly announced the distribution and development of a smartphone by the company that did not exist while accepting payment from a stock promoter related to the release.

SEC Complaint (White)

SEC Complaint (Starkweather)

SEC Litigation Release