Stephen George, previous vice president and controller of Celsius Holdings, Inc. CELH, on Tuesday pleaded guilty for his function in an expert trading plan that netted him over $1.6 million in earnings.
According to court files, George belonged to the Financing Department at Celsius Holdings from November 2017 till April 7, 2023 and held functions consisting of vice president and controller. Upon leaving the business, George supposedly emailed himself internal information about the business’s first-quarter monetary efficiency and over the following month purchased 20,000 shares of Celsius and 300 call alternatives on the stock.
After Celsius reported record quarterly earnings, George offered his shares and call alternatives agreements in Might 2023, netting $1.68 million.
George pleaded guilty to one count of securities scams and deals with an optimum charge of twenty years in jail in sentencing set up on April 28.
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Lockheed Martin Pays Almost $30 To Settle Malfunctioning Prices Accusations
The U.S. Department of Justice revealed on Thursday that Lockheed Martin Corp. LMT consented to pay $29.74 million to deal with False Claims Act claims of malfunctioning prices on agreements for F-35 military airplane.
This payment remains in addition to $11.3 million that LMC formerly paid to the Department of Defense for the exact same concealed expense and prices information on a few of the exact same agreements.
According to court files, in between 2013 and 2015, Lockheed Martin pumped up prices propositions it sent to get agreements for the F-35 by stopping working to offer to DOD’s F-35 Joint Program Workplace precise, total and present expense and prices information throughout the settlements causing the award of 5 agreements for the production or sustainment of the F-35.
” Those who work with the federal government should do so relatively and truthfully,” stated Performing Assistant Chief law officer Brett A. Shumate of the Justice Department’s Civil Department. “We will pursue specialists that intentionally abuse taxpayer funds.”
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