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/PRNewswire/ -- On Friday, June 24, 2022, the federal district court in Chicago approved an unusual settlement in which the U.S. Securities and Exchange...
An Illinois federal judge signaled Thursday that he's struggling to find that prosecutors have proved the CEO and other high-ranking employees of an alternative energy engine maker fraudulently inflated company revenues by letting its books reflect revenues it hadn't yet collected.
The chief executive for an Illinois-based alternative energy engine maker and two other employees unlawfully inflated revenues through a scheme that caused company books to reflect money it hadn't yet collected, federal prosecutors asserted in a bench trial that began Monday.