As part of a broader push to prosecute not just companies but corporate officials, the Securities and Exchange Commission has brought actions against AgFeed Industries Inc. and eight of its directors and officers over financial fraud.
Thomas Gorman, a partner at Dorsey & Whitney who defends public companies and individuals in SEC, U.S. Commodity Futures Trading Commission and other regulatory investigations and actions, reports that the fraud at AgFeed dates back to 2008. The publicly traded hog and feed production company with operations in the U.S. and China has since filed for bankruptcy.
