A court has ordered the removal of a Farmington construction company's CEO from his role as trustee of the company's employee stock ownership plan after he was accused of misusing $300,000 in employee retirement funds.
FARMINGTON — A federal court in Utah has ordered the removal of a Farmington construction company's CEO from his role as trustee of the company's employee stock ownership plan after he allegedly misused $300,000 in employee retirement funds.
Knowlton is accused of using more than $300,000 in the company stock ownership plan's employee retirement funds to pay company business expenses. The plan had one checking account at the Bank of Utah until February 2020, when the plan was forced to close that account. The complaint states that Knowlton deposited $11,250.95 into an Ascent Construction operating account at Sunwest Bank.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Energize Capital: Climate tech investor raises $300 million fundEnergize Capital just raised a $300 million fund to back growth-stage climate tech startups. Here's the 11-slide pitch deck it used to get investors on board.
Lire la suite »
Country Garden shares drop 5% after reports it scrapped $300 million share saleChinese property stocks slid Tuesday, after Country Garden scrapped its $300 million primary share placement.
Lire la suite »
Indonesia buys drones worth $300 mln from Turkish AerospaceIndonesia has bought 12 new drones from Turkish Aerospace worth $300 million, its defence ministry said on Tuesday, the latest in a series of purchases aimed at modernising the country's ageing military equipment.
Lire la suite »
Ooni deals: This popular outdoor pizza oven is on sale for under $300Ooni has marked down the price of this popular outdoor pizza oven to under $300. Plus, it is also offering 20% off discounts pizza oven accessories.
Lire la suite »
Kate Spade 24-Hour Flash Deal: Get This $300 Crossbody Bag for Just $59 - E! OnlineThe Kate Spade Sienna Crossbody is just what you need to go hands-free for a night out, a concert, or errands.
Lire la suite »
Lotto winner who won over $100M a decade ago angers neighbors by planning another celebratory festivalA lucky lottery winner who scooped up $300 million has infuriated his neighbors with a huge four-day festival to celebrate his win — and he plans to do it all over again.
Lire la suite »