This of interest to football fans: It looks like Fran Tarkenton got flushed out of the pocket this week. Looks like $154K got flushed out of his pocket as well. No more late night TV infomercials for Fran for awhile I'm guessing. As President of Knoware he should have known better.
SECURITIES AND EXCHANGE COMMISSION v. FRANCIS A. TARKENTON, DONALD P. ADDINGTON, RICK W. GOSSETT, LEE R. FONTAINE, WILLIAM E. HAMMERSLA, III, ELADIO ALVAREZ and EDWARD WELCH
Tarkenton, Addington, Gossett, Fontaine, Hammersla, Alvarez and Welch engaged in a fraudulent scheme to inflate KnowledgeWare's financial results to meet sales and earnings projections. . . .
Tarkenton, Addington and Gossett directed the fraudulent scheme and made materially false and misleading statements to purchasers of KnowledgeWare stock. . . .
Tarkenton consented to the issuance of a final judgment permanently enjoining him from (i) committing securities fraud . . . (ii) falsifying corporate books and records or engaging in other conduct in violation of Section 13(b)(5) . . . Tarkenton also agreed to pay a civil money penalty of $100,000 and disgorge $54,187, the amount of the incentive compensation he received in Fiscal Year 1994 on the basis of KnowledgeWare's materially overstated quarterly earnings, plus prejudgment interest thereon. . . . sec.gov
Fran's scrambling days may be over. |
