July 1, 2024
You are here:  Home  >  Latest news  >  Current Article

SEC wins $45M lawsuit against Airborne Wireless


The U.S. Securities and Exchange Commission has won its lawsuit against Simi Valley-based Airborne Wireless and the associated parties believed to be behind the $45 million pump-and-dump scam. U.S. District Judge Colleen McMahon issued her judgment, without having held a trial, in favor of the SEC on Sept. 12, while also rejecting a request from…


    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.