SEC Says Sales of Derma Wand Not Quite As Advertised

According to the SEC, sales of the Derma Wand were not quite as advertised. Today, the SEC charged International Commercial Television Inc. and its former CFO, Karl Redekopp, with fraudulently boosting ICTV’s earnings by reporting sales of the Derma Wand while the products still sat unsold in the company’s warehouse. Full details are available in this post on my Enforcement Action blog over at Compliance Week.