Quote:
Originally Posted by stoomy
It is my understanding that David Tether now works for Lagoon.
|
David Tether is currently CEO of Electric Marine Propulsion, and a
Consultant to
Lagoon and Groupe
Beneteau
Electric Marine Propulsion, LLC
4765 Estero Blvd
Ft. Myers Beach, FL 33931
Phone: 239.463.1824
Fax: 239.463.1485
E-Mail: Dave@electricmarinepropulsion.org
Web: E motion Hybrids Home
Dave Tether spent 20 years working for the U.S.
Navy in Crypto, EMC, EMI and EMP.
As Founder, CEO and Inventor of Solomon Technologies, Inc. in 1991 he led the company to design, test and build the first commercially available complete
Diesel Electric
Propulsion Systems for pleasure
boats. He left Solomon in 2005.
He is also a consultant to Lagoon and Groupe Beneteau on their DE initiatives. Dave was responsible for three US and International patents.
Today he is CEO of Electric Marine Propulsion, LLC and continuing to design and develop DE systems for pleasure
boats.
***
Securities Exchange Commission Complaint:
SEC v. DAVID E. TETHER The Commission announced the filing on Aug. 3,
2007, of a complaint against David E. Tether in the United States
District Court for the Middle District of
Florida. Until August 2004,
Tether was the chief executive officer and a director of Solomon
Technologies, Inc., a
Florida corporation. Solomon's securities have
been registered with the Commission since January 2004. The
Commission's complaint alleges that in April 2004, Tether fraudulently
misrepresented his beneficial
ownership of Solomon stock in Solomon's
amended annual report filed on Form 10-KSB/A for the year ended Dec.
31, 2003. Specifically, the complaint alleges that Tether transferred
200,000 shares of his Solomon stock while that stock was subject to a
publicly disclosed lock up agreement and that the stock was used to
pay for a 47-foot
catamaran. However, as alleged in the complaint,
Tether failed to disclose in the Form 10-KSB/A that he had transferred
his locked up stock. Additionally, the Form 10-KSB/A overstated
Tether's beneficial
ownership of Solomon stock by the 200,000 shares
he had already transferred. Moreover, the complaint alleges that
Tether failed to file timely a Statement of Changes in Beneficial
Ownership of Securities on Form 4 disclosing the transfer of the
shares. Based on this conduct, the Commission alleges that Tether
violated Sections 10(b), 13(g) and 16(a) of the Securities Exchange
Act of 1934, and Rules 10b-5, 13a-14, 13d-1(d), 13d-2(b) and 16a-3
thereunder, and that he aided and abetted Solomon's violations of
Section 13(a) of the Exchange Act and
Rule 13a-1 thereunder. In its
complaint, the Commission seeks a permanent injunction, disgorgement
plus prejudgment interest, a civil penalty, and an officer and
director bar. [SEC v. David E. Tether, (U.S. District Court for the
Middle District of Florida, Civil Action No. 2:07-CV-488-JES-SPC (M.D.
FL)] (LR-20226)
Goto: SEC complaint against David E. Tether:
David E. Tether: Lit. Rel. No. 20226 / August 6, 2007