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September 24, 2020

Posted  September 24, 2020

Illinois manufacturing company Power Solutions International Inc. will pay a $1.7 million penalty to the SEC and admit that its executives and employees participated in a scheme to defraud shareholders by fraudulently inflating the revenue of the company, whose shares were then listed on NASDAQ.  USAO ND IL

Tagged in: Accounting Fraud, Financial and Investment Fraud, Misrepresentations, Securities Fraud,