SEC Requests Seizure of Super Bowl Ring

On June 10, 2016, the U.S. Securities and Exchange Commission asked a California court for permission to seize former NFL player Willie Gault’s Super Bowl ring. Gault, who helped the Chicago Bears win Super Bowl XX in 1986, agreed to pay $206,571 in April of 2015 for his role in inflating the stock of heart-monitoring device maker Heart Tronics, Inc., where he served as co-chief executive officer. The SEC is asking for Gault’s ring to help satisfy the settlement, which consists of a $78,000 civil…
Continue reading...