Monday, July 9, 2007

The butler did it, SEC says in insider trading case

(Reuters) - The SEC said Lefford, who managed Sillerman's residence in the upscale Long Island beach community of South Hampton, agreed to pay $66,180 to settle the charges.




According to the SEC's complaint, Lefford intercepted faxes about Sillerman's intent to acquire a controlling interest in a publicly traded company, Sports Entertainment Enterprises Inc., and use it as a vehicle for acquiring the commercial rights to Elvis Presley's name and likeness.


Read more at Reuters.com Business News

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