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SEC defendant Whiteley a nasty neighbour

2022-04-06 20:37 ET - Street Wire

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by Mike Caswell

Brent Whiteley, a Texas man charged alongside a group of Canadians for an accounting fraud at seismic data provider SAExploration Holdings Inc., has attracted a complaint of a different sort. One of his neighbours has written a letter to the judge who will sentence Mr. Whiteley, explaining how Mr. Whiteley "wreaked havoc" on his street, holding parties with live bands and loudly displaying his high-end cars. Those who complained were met with the threat of legal action.

The letter to the judge is part of a case against Mr. Whiteley and others brought in federal court in New York. Prosecutors claim that Mr. Whiteley was part of a $100-million accounting fraud at SAExploration in which the company reported revenue that never existed. (All figures are in U.S. dollars.) During the scheme, Mr. Whiteley and others misappropriated more than $5-million, the government says.

Mr. Whiteley pleaded guilty, leaving his sentence as the only matter to determine. Ordinarily, those making submissions ahead of sentencing are limited to prosecutors and defence lawyers. In Mr. Whiteley's case, however, the court has accepted a letter from one of his neighbours.

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