The Advisors' Blog

– Broc Romanek, CompensationStandards.com

Here’s a blurb from Paul Hasting’s Mark Poerio on ExecutiveLoyalty.org:

The 8th Circuit’s decision begins ominously for the former CFO whom a jury had convicted of various securities violations relating to fraud and false records: “From frequent private-jet travel to payments and upkeep for the American Princess, his 80-foot yacht, infoUSA reimbursed [its CEO] for a wide variety of expenditures.” In SEC v. Dean, the 8th Circuit upheld the convictions, and remanded for reconsideration of the $50,000 penalty and 3-year bar on public-company service that the district court imposed on the former CFO.