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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC

The SEC claims the former CFO and accounting manager of Advanced Materials Group juggled the books to inflate revenue, and that ex-CFO William Mortensen dipped his beak to the tune of $380,000, which he spent on his home and private jets to Europe and Mexico. The SEC sued Mortensen and Feng Zheng in Dallas Federal Court.

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