SEC target Budd says he has no money

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Mon, Jul 19, 2010
Oil Market News
Post by Geetha Raghavan, Oil Researcher

Stockwatch reports The U.S. Securities and Exchange Commission targets Jay Budd.

The SEC launched the case on Sept. 1, 2009, when it filed a civil complaint against Mr. Briner and Mr. Budd in the Southern District of New York. The complaint identified Mr. Budd as the president of Golden Apple and Mr. Briner as a legal consultant. The regulator claimed that the company promoted two businesses in 2005, neither of which panned out.

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