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GlobeTel Communications Corp. Case 05/06/2008

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Lawsuit Overview

<p>The U.S. Securities and Exchange Commission has filed a complaint in the U.S. District Court for the Southern District of Florida against three GlobeTel Communications Corp. executives, two former chief financial officers, Thomas Y. Jiminez and Lawrence E. Lynch, alleging that they fabricated roughly $120 million of business to boost the company’s stock price and illegally so...



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