The Securities and Exchange Commission said the U.S. District Court for the District of Minnesota has entered final judgments against the former CFO and controller of Buca Inc., the corporate parent of the Buca di Beppo restaurant chain.
The SEC filed a complaint in June 2006 against former Buca CFO Greg Gadel and former controller Daniel Skrypek. The complaint alleged that Buca’s public filings materially understated the executive compensation received by Gadel by $96,630, as well as the compensation received by the company’s former CEO, by $849,100. Gadel’s undisclosed compensation allegedly included reimbursements for family vacations and visits to strip clubs, according to the SEC.
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