sec whistleblower attorneys
December 08, 2020
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