ForceField Energy, which makes and distributes LED lighting, saw its chairman resign abruptly on Sunday. Richard St-Juilen is ForceField Energy’s “founder and majority shareholder” according to a filing with the SEC.
St-Julien was arrested in Broward County, FL, on April 17–possibly for a scheme to manipulate his company’s stock, according to Bloomberg. If his arrest was bad news for St-Julien, Monday was pretty rotten too: ForceField’s majority stockholder watched as his company’s stock fell 22% before trading was halted. ForceField trades on the NASDAQ.