SEC Charges Insiders from Ramp Corporation and Xybernaut Corporation

SEC: Commission Charges Short Sellers and Corporate Insiders in Massive Scheme to Conceal the Short Sellers’ Control Over Ramp Corporation and Xybernaut Corporation. On October 19, 2007, the Commission filed a civil action in the U.S. District Court for the Eastern District of New York against: two short sellers, Zev Saltsman and Menachem Eitan; two former officers and directors of Xybernaut Corporation, Edward G. Newman and Steven A. Newman; a former director of Xybernaut and outside counsel to Xybernaut and Ramp Corporation, Martin E. Weisberg; and Ramp’s former CEO, Andrew Brown. The Commission’s complaint charges the defendants with engaging in a scheme to conceal Saltsman and Eitan’s control over Ramp and Xybernaut.

I have added Xybernaut Corporation contracts and Ramp Corporation contracts to the website. You can find employment contracts for a few of the insiders charged.