Puda Coal Executives Stole Company Assets, SEC A
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Posted On: 02/23/2012 1:57:42 AM
Puda Coal Executives Stole Company Assets, SEC Alleges in Suit
Puda Coal Inc.’s chairman cheated U.S. investors by secretly transferring control of the company’s sole source of revenue to himself and turning Puda into an empty shell company before selling shares to the public, securities regulators alleged in a lawsuit.
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