Ex-Spatialight CEO Charged With Obstructing SEC Probe

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Former SpatiaLight Inc. Chief Executive Officer Robert Olins was indicted on federal charges that he obstructed a U.S. Securities and Exchange Commission probe of his assets.

The charges in Manhattan federal court stem from a 2007 SEC lawsuit accusing Olins of fraud tied to audits at the maker of liquid-crystal displays for high-definition TVs. In 2011, a California judge overseeing the case ordered Olins and a firm he controlled to pay almost $3.4 million. Olins then hid from the SEC his ownership of property including a Louis XV antique vase and a pair of candelabras, prosecutors said.

Olins stepped down as CEO of SpatiaLight in 2006 and afterward served as a consultant to the Novato, California-based company, prosecutors said.

His lawyer, Sabrina Shroff, declined to comment.

The case is U.S. v. Olins, 15-mj-3020, U.S. District Court, Southern District of New York (Manhattan).

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