Covia Holdings Corp., Fairmount Santrol Holdings Inc.

Offering Fraud

SANCTION AMOUNT: $17000000

Defendants: Covia Holdings Corp., Fairmount Santrol Holdings Inc.

In offering documents and periodic reporting, Respondent Fairmount Santrol allegedly overstated the performance and commercial potential of high-margin products it was developing and selling to oil and gas exploration companies for use in fracking. The other Respondent, Covia Holdings Corp., was Fairmount Santrol’s successor after a merger.

Key Docs
Official SEC press release

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