Powered by

SEC Charges Two Former Executives for Fraudulent Corporate Expense Abuses

Aug 05, 2019 - Targeted News Service

The Securities and Exchange Commission issued the following litigation release:

The Securities and Exchange Commission today charged two former executives of SITO Mobile, Ltd., a mobile advertising provider based in Jersey City, New Jersey, with fraudulently using corporate funds to pay for personal expenses.

The SEC's complaint, filed in the U.S. District Court for the District of New Jersey, alleges that SITO's former CEO, Gerard F. Hug, and SITO's former CEO, Kurt W. Streams, impr...