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BRIEF-Scio Diamond Technology says DOJ announces federal indictment charging former chairman

March 24 Scio Diamond Technology Corp :

* Department of justice announced federal indictment charging former Scio Diamond board of directors chairman, Edward S. Adams

* Scio diamond technology - Adams was charged in federal indictment with orchestrating an "elaborate fraud scheme to embezzle millions of dollars" of investor's funds

* Federal indictment alleges activity happened between 2006 and 2013 - SEC filing

* Federal indictment charging adams with orchestrating fraud scheme to embezzle millions of dollars of investor s funds

* Co's current board of directors and management team have been cooperating with department of justice in its investigation Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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