Investment Fraud Verdict
by TChris
A federal jury in Manhattan today found C. Gregory Earls, former CEO of U.S. Technologies, Inc, guilty of securities fraud, mail fraud (x2) and wire fraud (x19). Prosecutors argued that Earls cheated investors out of more than $13 million.
Former FBI Director William Webster headed the committee that audited U.S. Technologies' investments. Webster had agreed to chair a new national board that is supposed to police corporate accountants, but he resigned as a result of the charges against Earls.
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