Comment on Former Power Solutions CEO found not guilty of federal securities fraud charges for allegedly inflating revenue

Former Power Solutions CEO found not guilty of federal securities fraud charges for allegedly inflating revenue

A federal judge Monday found former Power Solutions International CEO Gary Winemaster and two other former executives not guilty in a two-year-old securities fraud case alleging they inflated revenue by $25 million to deceive investors about the company’s financial performance between 2014 and 2016.

 

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