British charge Defiance man in scam Authorities accuse Samuel W. Wood and a fellow executive of Netspan Inc. because announcements sent to investors falsely inflated the value of Netspan shares Five Star Late Lift Edition

Authorities brought charges against [Samuel W. Wood] and Moradi because announcements that Netspan sent to investors about contracts and other business relationships exaggerated the scope of the deals and falsely inflated the presumed value of the shares, [Nigel Howard] said. Netspan, a privately he...

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Bibliographic Details
Published inSt. Louis post-dispatch
Main Authors Carey, Christopher, Of the Post-Dispatch c2005, St. Louis Post- Dispatch
Format Newspaper Article
LanguageEnglish
Published St. Louis, Mo Pulitzer, Inc 20.07.2005
Subjects
Arrests
Criminal investigations
Securities fraud
Wood, Samuel W
Defiance Missouri
London England
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Summary:Authorities brought charges against [Samuel W. Wood] and Moradi because announcements that Netspan sent to investors about contracts and other business relationships exaggerated the scope of the deals and falsely inflated the presumed value of the shares, [Nigel Howard] said. Netspan, a privately held company, lists headquarters in Knoxville, Tenn., and branch offices in Defiance and Atlanta. The Knoxville address is the same as [Philip J. Bryce]'s office; the Defiance address is Wood's home. Wood and Moradi made their Netspan presentation July 2 in London. Two days later, representatives of Roth Group called people who previously had purchased Netspan shares and asked if they were interested in buying more, Howard said.
ISSN:1930-9600