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SEC Sues Timothy Jenson

SANTA ANA, CALIF. (CN) - Timothy Jenson, as director of Merisel Inc., made material misstatements and omissions in filings and press releases in his scheme to loot the company by self-dealing transactions in which he "sold" Merisel assets to entities he secretly controlled, the SEC claims in Federal Court. The SEC also sued TDH Enterprises LLC.

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