Lorenzo had appealed the regulator’s decision, claiming that he shouldn’t be held responsible because he didn’t write the emails.
Estimated reading time: 0 minutes, 20 seconds
Investor Safeguards Upheld by Supreme Court
The U.S. Court of Appeals has upheld a ruling by the Securities and Exchange Commission that determined that Francis Lorenzo was responsible for defrauding investors by sending emails seeking funding for a bogus waste-to-energy company. So reports Reuters.
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