Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Tuesday, July 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Bogus! SEC Tells Sure Trace Security and Its Two Top Bosses

WASHINGTON (CN) - Sure Trace Security Corp., its CEO Peter Leeuwerke and president Michael Cimino issued fraudulent press releases and repeatedly tried to evade registration requirements, the SEC claims in Federal Court.

Defendant Cimino is not the movie director of the same name. The SEC claims the defendants lied about their unfinished product, lied about issuing stock options to so-called employees and consultants - doing so to create the appearance of a market for the stock - and lied about the supposedly imminent acquisition of Sensor Media Corp. Sure Trace claims to have thumbprint identification and solar panel technology. The SEC demands $1.1 million and fines, in Federal Court. See complaint.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...