After a seven-day trial, a jury in the United States District Court for the District of Connecticut found Bernard Findley and Halitron Inc, liable for securities fraud in connection with their false and misleading statements in press releases as part of a scheme to defraud investors.
“We are pleased with the jury verdict holding Bernard Findley and Halitron, Inc., liable for securities fraud. Halitron and its CEO, Bernard Findley, issued multiple false and misleading press releases that materially misrepresented information about Halitron’s stock buyback program, the status of an audit of the company, as well as the value of certain assets in an effort to prop up the value of Halitron’s stock, to generate purchases of the stock on the OTC markets, and to attract financiers to provide funding to Halitron….”
Source: SEC.gov | Statement on Jury’s Verdict in Trial of Bernard Findley and Halitron Inc
