SEC Charges Former Spyr Executives With Lying to Auditors

The SEC filed charges against Spyr’s former CEO James Thompson, former CFO Barry Loveless and director James Mylock Jr for lying to Spyr’s auditors.

• Also charged Thompson and Loveless for filing periodic reports with the SEC that failed to include required information in the financial statements
  
• Without admitting or denying the SEC’s allegations, Thompson, Loveless, and Mylock consented to the entry of final judgments, subject to court approval
  
• Judgments require Thompson, Loveless, and Mylock to pay civil penalties of $50,000, $75,000, and $10,000, respectively
  
• Thompson and Loveless barred from acting as an officer or director of any public company for ...