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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Whacks Former VP Of U.S. Foodservice

WASHINGTON (CN) - U.S. Foodservice Vice President Brian Spears overstated the company's income by $700 million in SEC reports and public announcements, knocking 60 percent off the share price when the fraud was discovered, the SEC claims in Federal Court.

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