SEC: Media Company, CEO Misled Investors About Relationships With Other Entities

(April 18, 2024, 1:24 PM EDT) -- NEW YORK — In an April 17 complaint filed in a New York federal court, the Securities and Exchange Commission says that a media group and its chairman and chief executive officer engaged in a multimillion dollar fraud by issuing false statements that the media group developed sports content for two telecommunications companies, despite not being poised to launch any content with either company....

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