Ex-CEO of Merisel is sued
From a Times Staff Writer
The Securities and Exchange Commission said Wednesday that it has sued the former chief executive of Merisel Inc. and others, accusing them of a scheme to loot the software distributor’s assets in two separate self-dealing transactions.
The agency alleged in a federal suit filed in Santa Ana that Timothy N. Jenson, 48, of Los Alamitos made numerous material misstatements in Merisel’s SEC filings and in news releases as part of the scheme.
Jenson resigned from the software licensing firm in 2004 as the New York company, then based in El Segundo, sued him and others.
He could not be reached for comment.
