US judge orders former Cemtrex exec to pay back ill-gotten gains

Reuters

01/21

US judge orders former Cemtrex exec to pay back ill-gotten gains

NEW YORK, Jan 20 (Reuters) - A U.S. judge in Manhattan on Tuesday ordered the founder and former CEO of manufacturing firm Cemtrex to pay $9.7 million of ill-gotten gains and interest in a case brought by the U.S. Securities and Exchange Commission over securities fraud.

A spokesperson for the SEC declined to comment, and a lawyer for former CEO Aron Govil did not immediately respond to a request for comment.

WHY IT'S IMPORTANT

The case has been closely watched in connection with the SEC's ability to seek disgorgement, or the clawing back of illicit gains.

The 2nd U.S. Circuit Court of Appeals in 2023 prevented the agency from clawing back the gains in cases in which laws were violated but no victims were harmed. As part of that decision, the appeals court remanded the case to the district judge for recalculation of damages.

(Reporting by Chris PrenticeAdditional reporting by Jonathan Stempel; editing by Edward Tobin)

((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2605445111"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2605445111\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2605445111?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-21 05:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605445111","market":"nz","top_or_hot":-1,"title":"US judge orders former Cemtrex exec to pay back ill-gotten gains","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>US judge orders former Cemtrex exec to pay back ill-gotten gains</title></head><body><p>\n<span>NEW YORK, Jan 20 (Reuters)</span><span> - </span>A U.S. judge in Manhattan on Tuesday ordered the founder and former CEO of manufacturing firm Cemtrex to pay $9.7 million of ill-gotten gains and interest in a case brought by the U.S. Securities and Exchange Commission over securities fraud.</p><p>A spokesperson for the SEC declined to comment, and a lawyer for former CEO Aron Govil did not immediately respond to a request for comment.</p><p>WHY IT'S IMPORTANT</p><p>The case has been closely watched in connection with the SEC's ability to seek disgorgement, or the clawing back of illicit gains. </p><p>The 2nd U.S. Circuit Court of Appeals <span>in 2023 prevented</span> the agency from clawing back the gains in cases in which laws were violated but no victims were harmed. As part of that decision, the appeals court remanded the case to the district judge for recalculation of damages.</p><p>(Reporting by Chris PrenticeAdditional reporting by Jonathan Stempel; editing by Edward Tobin)</p><p>((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US judge orders former Cemtrex exec to pay back ill-gotten gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS judge orders former Cemtrex exec to pay back ill-gotten gains\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2026-01-21 05:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>US judge orders former Cemtrex exec to pay back ill-gotten gains</title></head><body><p>\n<span>NEW YORK, Jan 20 (Reuters)</span><span> - </span>A U.S. judge in Manhattan on Tuesday ordered the founder and former CEO of manufacturing firm Cemtrex to pay $9.7 million of ill-gotten gains and interest in a case brought by the U.S. Securities and Exchange Commission over securities fraud.</p><p>A spokesperson for the SEC declined to comment, and a lawyer for former CEO Aron Govil did not immediately respond to a request for comment.</p><p>WHY IT'S IMPORTANT</p><p>The case has been closely watched in connection with the SEC's ability to seek disgorgement, or the clawing back of illicit gains. </p><p>The 2nd U.S. Circuit Court of Appeals <span>in 2023 prevented</span> the agency from clawing back the gains in cases in which laws were violated but no victims were harmed. As part of that decision, the appeals court remanded the case to the district judge for recalculation of damages.</p><p>(Reporting by Chris PrenticeAdditional reporting by Jonathan Stempel; editing by Edward Tobin)</p><p>((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4145","symbol_name":"電子製造服務","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260120:nL1N3YL12U:1","article_id":"2605445111","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605445111","pubTimestamp":1768946191,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NEW YORK, Jan 20  - A U.S. judge in Manhattan on Tuesday ordered the founder and former CEO of manufacturing firm Cemtrex to pay $9.7 million of ill-gotten gains and interest in a case brought by the U.S. Securities and Exchange Commission over securities fraud.A spokesperson for the SEC declined to comment, and a lawyer for former CEO Aron Govil did not immediately respond to a request for comment.WHY IT'S IMPORTANTThe case has been closely watched in connection with the SEC's ability to seek disgorgement, or the clawing back of illicit gains. The 2nd U.S. Circuit Court of Appeals in 2023 prevented the agency from clawing back the gains in cases in which laws were violated but no victims were harmed. As part of that decision, the appeals court remanded the case to the district judge for recalculation of damages.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4145":"电子制造服务","BK4157":"电子设备和仪器","CETX":"Cemtrex Inc."},"translate_title":"美国法官命令Cemtrex前高管偿还不义之财","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CETX":0.9},"content_text":"US judge orders former Cemtrex exec to pay back ill-gotten gains\nNEW YORK, Jan 20 (Reuters) - A U.S. judge in Manhattan on Tuesday ordered the founder and former CEO of manufacturing firm Cemtrex to pay $9.7 million of ill-gotten gains and interest in a case brought by the U.S. Securities and Exchange Commission over securities fraud.A spokesperson for the SEC declined to comment, and a lawyer for former CEO Aron Govil did not immediately respond to a request for comment.WHY IT'S IMPORTANTThe case has been closely watched in connection with the SEC's ability to seek disgorgement, or the clawing back of illicit gains. The 2nd U.S. Circuit Court of Appeals in 2023 prevented the agency from clawing back the gains in cases in which laws were violated but no victims were harmed. As part of that decision, the appeals court remanded the case to the district judge for recalculation of damages.(Reporting by Chris PrenticeAdditional reporting by Jonathan Stempel; editing by Edward Tobin)((christine.prentice@thomsonreuters.com; +1 (202) 843-6464;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive,policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}