Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Thursday, June 28, 2007

Former CEO of Certificate Companies Pleads Guilty to Theft

The SEC announced that, on June 26, 2007, John J. Lawbaugh ("Lawbaugh"), the former Chairman of the Board of Directors, Chief Executive Officer, and majority shareholder of 1st Atlantic Guaranty Corp. ("1st Atlantic") and Chairman and CEO of SBM Certificate Company ("SBM"), both face-amount certificate companies registered with the Commission, pleaded guilty to stealing over $1.2 million from 1st Atlantic and SBM, admitting that he had diverted those funds to his own use, as well as pleading guilty to wire fraud and tax evasion charges

http://lawprofessors.typepad.com/securities/2007/06/former-ceo-of-c.html

SEC Action | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e008cee1358834

Listed below are links to weblogs that reference Former CEO of Certificate Companies Pleads Guilty to Theft:

Comments

Post a comment