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Securities

Apr. 19, 2016

NFL player Willie James Gault enjoined from serving as CEO after securities fraud scheme

A federal judge has barred former NFL player Willie James Gault from leading a publicly traded company until he proves he understands securities laws, as part of several penalties handed down following a high-profile securities fraud scheme.

By Amanda Schallert
Daily Journal Staff Writer

A federal judge Thursday barred former NFL player Willie James Gault from leading a public company until he proves he understands securities laws, as part of several penalties handed down following an investment fraud scheme.

The final judgment by Judge James V. Selna of the Central District in Santa Ana also ordered Gault to pay about $206,600 in disgorgement, preju...

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