September 15, 2014

AgFeed Industries

Financial Fraud

SANCTION AMOUNT: $18,000,000

Defendants: AgFeed Industries

Settlement of charges for repeatedly reporting fake revenues from the Respondent’s China operations in order to meet financial targets and prop up its stock price. Respondents also allegedly obtained illicit gains in stock offerings to investors at the inflated prices resulting from the accounting scheme, of which management was aware.

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