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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (17717)	1/24/2012 8:06:50 PM
From: scion	Respond to of 53574

USA: SEC charges CEO, ex-CFO and company with accounting fraud Posted by nileshkokane on 5 January, 2012 As published on January 04, 2012 U.S. Securities and Exchange Commission (SEC) announced that commission has filed an action in federal court in Massachusetts against JBI, Inc., a publicly-traded company formerly located in Massachusetts and now headquartered in Ontario, Canada. The Commission also charged JBI’s current CEO, John Bordynuik, a resident of Ontario, Canada, and its former CFO, Ronald Baldwin, Jr, a resident of Palm Harbor, Florida. The action alleges that the defendants engaged in a scheme to commit securities and accounting fraud by reporting materially false and inaccurate financial information on the financial statements of JBI, Inc. for two reporting periods during 2009. The original article can be found at U.S. Securities and Exchange Commissio. sec.gov regulatorycomplianceblog.com