Securities and Exchange Commission v. LocatePlus Holdings Corporation, 1:10-CV-11751 (D. Mass. October 14, 2010)
The Securities and Exchange Commission today charged Jon Latorella of Marblehead, Massachusetts, and James Fields of Brookline, Massachusetts, the former CEO and CFO respectively of LocatePlus Holdings Corporation (“LocatePlus”), with securities fraud concerning a scheme to fraudulently inflate revenue at LocatePlus as well as a scheme to manipulate the stock of another company.
SEC CHARGES FORMER CEO AND CFO OF MASSACHUSETTS INFORMATION TECHNOLOGY COMPANY WITH SECURITIES FRAUD
The Securities and Exchange Commission today charged Jon Latorella of Marblehead, Massachusetts, and James Fields of Brookline, Massachusetts, the former CEO and CFO respectively of LocatePlus Holdings Corporation (“LocatePlus”), with securities fraud concerning a scheme to fraudulently inflate revenue at LocatePlus as well as a scheme to manipulate the stock of another company.
