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ELECTRONICS | Electronic Manufacturing Services
spatialight.com

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Founded Year

1989

Stage

Unattributed VC | Alive

Total Raised

$3M

Last Raised

$3M | 15 yrs ago

About Spatialight

SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high-definition televisions and other display applications. The company manufactures its products at its production facility in South Korea. SpatiaLight is committed to developing microdisplay technologies that will be the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the indus

Spatialight Headquarter Location

Five Hamilton Landing Suite 100

Novato, California, 94949,

United States

415-883-1693

Latest Spatialight News

Connecticut businessman pleads guilty to hiding assets from SEC

Jun 10, 2016

International Business Connecticut businessman pleads guilty to hiding assets from SEC A Connecticut businessman pleaded guilty on Friday to pocketing money he made selling antiques instead of using it to pay a judgment he owed U.S. regulators for illegal stock trading. Posted 11 Jun 2016 04:05 A NEW YORK: A Connecticut businessman pleaded guilty on Friday to pocketing money he made selling antiques instead of using it to pay a judgment he owed U.S. regulators for illegal stock trading. Robert Olins, the former CEO of now-defunct television display maker SpatiaLight Inc, pleaded guilty in open court to conspiring to obstruct justice and to money laundering before U.S. District Judge Jesse Furman in Manhattan federal court. He agreed to give up US$657,000 to the U.S. Securities and Exchange Commission and to a court-appointed receiver to which he also owes money. Olins is set to be sentenced on September 29. He has agreed not to appeal any sentence less than three years and five months. His attorney declined to comment after the plea hearing. Olins, 59, was arrested last August. According to a criminal complaint, he made US$657,000 selling antiques in 2012, the year after the U.S. Securities and Exchange Commission won a US$3.4 million judgment against him. Authorities say Olins conspired with an antiques dealer to hide the sale from a court-appointed receiver tasked with helping the SEC collect the judgment. The US$3.4 million judgment stemmed from a 2007 lawsuit by the SEC against Olins, SpatiaLight and Olins' wholly-owned company Argyle Capital Management Corp. The SEC contended that Olins and Argyle illegally sold more than 400,000 shares of SpatiaLight stock without disclosing the sales. In 2012, a Manhattan federal judge appointed Oklahoma-based American Bank and Trust Company as receiver to help satisfy the judgment by overseeing the sale of pieces in Olins' arts and antiques collection, which has been appraised at US$8.6 million to US$13.8 million. The receiver itself had lent Argyle US$3.5 million in 2003, of which US$2.6 million remained unpaid. The proceeds of the sale were to be used to pay the receiver, the SEC and other creditors. The antiques dealer accused of conspiring with Olins, Henry Neville, was also charged with bank fraud and obstructing justice in May of this year. He has pleaded guilty, but has not been sentenced, according to court records. Neville was director of New York operations for antiques dealing company Mallett Inc from 2006 until some time last year. He is no longer listed on Mallett's website, and an employee of the company declined to comment on Friday. SpaciaLight went out of business in February 2011 after filing for bankruptcy and being liquidated. The case is USA v. Olins, U.S. District Court, Southern District of New York, No. 15-cr-00861. (Reporting By Brendan Pierson in New York, additional reporting by Nate Raymond in New York; Editing by Andrew Hay) - Reuters

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