The trial against former Energex CEO Thomas Fagan got underway this week in the Mercer County Superior Court in New Jersey, according to The Trentonian. Fagan is being charged with 15 criminal counts, including several financial misconduct charges, including stealing more than $230,000 from investors while he was at the head of Allendale, N.J.-based Energex. […]
Energex Systems
Feds: Energex founder embezzled $230k for gambling debts, personal expenses
Operations came to a grinding halt at New Jersey-based medical device company Energex Systems after founder and former CEO Thomas Fagan was accused of several financial misconduct charges including theft of investor funds, money laundering, corporate misconduct and personal tax evasion.
