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Litigation Release No. 24988 / December 18, 2020 Securities and Exchange Commission v. SAExploration Holdings, Inc., et al., No. 1:20-cv-08423 (S.D.N.Y. filed Oct. 8, 2020) On December 17, 2020, the U.S. District Court for the Southern District of New York entered a final consent judgment against SAExploration Holdings, Inc. (SAE), a Houston-based seismic data company, in connection with SAE s involvement in an accounting fraud that falsely inflated the company s revenue by approximately $100 million. The SEC s complaint, filed on October 8, 2020, alleges that beginning in 2015, four former SAE executives engaged in conduct that led SAE to report artificially and materially inflated revenue in connection with a purportedly unrelated customer that was in fact controlled by two of the former executives. The complaint further alleges that the former executives misappropriated millions of dollars from SAE. The SEC charged SAE and the four former executives with violating the antifra

New yorkUnited statesYael bergerStephan schlegelmilchNick margidaSecurities exchangeUs district courtSaexploration holdings incSouthern districtSecurities actSecurities exchange actExchange actPeter fieldingபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்யேல் பெர்கர்