Government
Jan. 5, 2013
Clovis man fined by SEC for lying to gold mine investors
A Clovis man will pay a $50,000 penalty for allegedly lying to investors about his company's progress in extracting more than $1.7 billion worth of gold from its Nevada mine.
By Hadley Robinson
Daily Journal Staff Writer
A Clovis man will pay a $50,000 penalty for allegedly lying to investors about his company's progress in extracting more than $1.7 billion worth of gold from its Nevada mine. Nekekim Corporation CEO Kenneth Carlton's misstatements led investors to pour nearly $16 million into the mining venture, according to a fraud complaint from the Securities and Exchange Commission filed Thursday. The complaint against Nekekim and Carlton, wh...
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