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November 5, 2012

SEC seeks to freeze developer's assets

BOISE, Idaho (AP) — Securities and Exchange Commission lawyers want a judge to freeze assets of a would-be Idaho nuclear power developer, saying its founder hid his involvement in sham “get-rich-quick” schemes with the company's dwindling cash.

SEC lawyers told U.S. District Judge Edward Lodge Thursday that Alternate Energy Holdings Inc. CEO Don Gillispie should also be barred from serving as an officer.


 
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