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SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act

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In PPMs dated December 21, 2007 and January 25, 2010 that Mr. Scuderi prepared, Scuderi Group said that it planned to use the net proceeds from the offerings “for general corporate purposes, including working capital.” Concept Engines Engines Fuel Efficiency Market Background'

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