Thursday, July 12, 2007

UPDATE 1-SEC charges Ex-ESSI CEO and son with options fraud

(Reuters) - NEW YORK, July 12 - The former chairman of
defense contractor Engineered Support Systems Inc. and his son
were charged with stock options fraud on Thursday in a widening
U.S. securities investigation.




The Securities and Exchange Commission charged Michael F.
Shanahan Sr., who led ESSI's rapid rise as chairman and
co-founder, and his son, Michael F. Shanahan Sr., a former
director at the St. Louis-based company.


Read more at Reuters.com Government Filings News

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