SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act
Green Car Congress
JUNE 1, 2013
Between 2008 and 2011, a period when Scuderi Group sold more than $75 million in securities despite not obtaining any revenue, Mr. Scuderi authorized more than $3.2 Scuderi Group sold securities pursuant to these PPMs from 2008 to 2012, raising approximately $75 million. million in Scuderi Group spending on such purposes.
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