Late last week the SEC brought fraud charges against three former MetLife officers who are being accused of attempting to hide some $100 million in improperly accounted for expenses. Two of the three gentlemen in question, Stephen McLaughlin and William Stickney have already agreed to a civil settlement, returning the cash and paying penalties without admitting wrongdoing. They will also be subject to a five-year ban on becomming a company officer or director. The third defendant, Thom Faria, insists, through his attorneys that he will be vindicated at trial.

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-- MDT