|SEC fines two in Genesis Intermedia Scandal.|
The SEC fined last week two former employees of MJK Clearinghouse in Minneapolis in connection with the Genesis Intermedia fraud scandal, in which arms dealer Adnan Khashoggi is allegedly the main culprit, however, as usual, not fined (yet?)
Mr.Jeffrey Houdek was fined for noncriminal improper conduct US Dollars 20.000 and a nine months suspension, whilst Mr. Todd Miller was fined US Dollars 35.000 and a 18 months suspension.
Both were absolute minor players in the whole scandal, most likely unaware what was going on.
Will Khashoggi and El Batrawi , the alleged main culprits ever be prosecuted? Or do their former connections with the US government help them, to get away with everything?
Dr. Alexander von Paleske
Head, Department of Oncology
Princess Marina Hospital
Ex-Barrister-at-Law, High Court Frankfurt (M)