The Securities & Exchange Commission sued FTE Networks president Anthony Sirotka Thursday in Florida Middle District Court for allegedly conspiring with other executives to inflate the company’s revenue artificially. The complaint contends that Sirotka forged signatures and documents in order to misrepresent $12.5 million in revenue from fictitious construction contracts. Counsel have not yet appeared for the defendant. The case is 2:22-cv-00348, Securities & Exchange Commission v. Sirotka.
This lawsuit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.
