U.S. Securities and Exchange Commission seal in Washington, D.C. January 5, 2019. Photo: Diego M. Radzinschi/ALM. SEC Accuses Ex-Florida Executives of Inflating Financial Statements, Misappropriating Millions
This suit was surfaced by Law.com Radar. Read the complaint here.
July 17, 2021 at 02:16 PM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued David Lethem and Michael Palleschi, former executives for Naples-based FTE Networks, Thursday in Florida Middle District Court for alleged accounting fraud. The court action accuses the defendants of inflating financial statements and misappropriating millions of dollars. Counsel have not yet appeared for the defendants. The case is 2:21-cv-00530, Securities and Exchange Commission v. Palleschi et al.
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