| Israeli Company With Latin
America Police Contract Triggers SEC
Prosecution at SDNY
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
June 4 –
Ability Computer &
Software Industries was an
Israeli company with contracts
with a Latin American police
force when it was involved in
a 2015 merger with Cambridge
Capital Acquisition
Corporation, a special purpose
acquisition company. Then the
US SEC sued.
On June 4
U.S. District Court for the
Southern District of New York
Magistrate Judge Mary Kay
Vyskocil held an oral
argument, which Inner City
Press covered.
While
scienter was thrown around,
arguments touched on whether
the defendants Anatoly Hurgin
and Alexander Aurovsky had to
have been the ones to
communicate false information,
or if communication to
auditors was enough.
They have moved
to dismiss the complaint. The
SEC, with seeming command of
the cases involving it, fired
back.
The case is
Securities and Exchange
Commission v. Hurgin, et al.,
19-cv-5705 (Vyskocil).
***
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