Ex-CEO Bebo Hammered Over ‘Fairy Tale,’ Faces $4.2 Million Penalty

Laurie Bebo, former CEO of Assisted Living Concepts Inc., has been ordered to pay $4.2 million in civil penalties for violating the Securities and Exchange Act by administrative law judge Cameron Elliot. The initial decision concludes a long-fought battle against Bebo after the Securities and Exchange Commission filed suit against her last year.  The decision also […]