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November 1st, 2005
Nanotechnology Company Executive Banned for 25 Years
Under the commission's orders, Robert Papalia cannot act as a director or officer of any issuer, nor can he engage in any investor relations activities, for at least 25 years. He must also pay an administrative penalty of $75,000 (a sum which takes into account a fine imposed earlier by a U.S. court). Papalia was a director and chairman of Nano World Projects Corp., and from December 2000 its chief executive officer.
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