Ex-Poseidon exec gets 3-year sentence in securities fraud case

DOJSeal

Joseph Kostelecky, former executive VP of U.S. operations at Poseidon Concepts, was sentenced to three years in prison and ordered to pay approximately $406.2 million in restitution for perpetrating a scheme to fraudulently inflate the company’s reported revenue.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.