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However, the Securities & Exchange Commission temporarily froze the assets of Adbot and its parent, the Chicago Partnership Board last week, after CPB owner James Frith, was cited in a civil suit brought by the federal agency.
The suit alleges that Frith diverted $3.4 million in funds away from CPB customers for personal and professional uses, including Adbot, which launched this year. A hearing scheduled for today will determine what will happen to Adbot’s assets in the short term.
“We’re still taking orders.
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