SEC issues cease-and-desist order against split-cycle engine developer Scuderi Group for violations of Securities Act
Green Car Congress
JUNE 1, 2013
The company’s private placement memoranda informed investors that Scuderi Group intended to use the proceeds from its offerings for “general corporate purposes, including working capital.” Scuderi Group sold securities pursuant to these PPMs from 2008 to 2012, raising approximately $75 million. million, or 4.3%
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