SEC Sues Former Anicom Executives

The Securities and Exchange Commission (SEC) accused six former Anicom executives of inflating revenues by $38 million at what was one of the largest wire and cable specialists in the United States.

On May 6, the SEC filed a civil lawsuit against six former Anicom Inc. officials, including its chief executive and president. The suit alleges that the executives and other employees carried out a “massive financial fraud” at the now-bankrupt company. In the suit, filed in federal court i

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