SEC
Whistleblower
Advocates

May 07, 2015

Charles H. Merchant, Southern USA Resources, Inc.

Financial Fraud

SANCTION AMOUNT: $1,025,000

Defendants: Southern USA Resources, Inc.
Charles H. Merchant

Materially false reports filed with the Commission misrepresenting the value of gold mining company's land. Also, the individual defendant (the company's CEO) was found to have filed certifications containing false statements about the company's internal controls and his understanding of those controls. The company was also delinquent with respect to filings and failed to disclose material changes.

Thank you for submitting some email to us.