Court Enters Final Judgment Ordering Richard A. Bailey to Pay Disgorgement and Penalties
June 18, 2018
June 18, 2018
WASHINGTON, June 18 -- The Securities and Exchange Commission issued the following litigation release:
On June 6, 2018, the U.S. District Court for the District of Delaware entered a final judgment against Richard A. Bailey, a former officer of GH3 International, Inc., for his role in a scheme to manipulate the company's stock. The judgment orders Bailey to pay disgorgement of $108,000, prejudgment interest of $63,445.91, and a civil penalty of $108,000.
The SEC's compl . . .
On June 6, 2018, the U.S. District Court for the District of Delaware entered a final judgment against Richard A. Bailey, a former officer of GH3 International, Inc., for his role in a scheme to manipulate the company's stock. The judgment orders Bailey to pay disgorgement of $108,000, prejudgment interest of $63,445.91, and a civil penalty of $108,000.
The SEC's compl . . .