James Sager of Longmont, a former MiniScribe Corp manager accused of participating in a scheme to ship bricks disguised as computer parts has settled his case with federal regulators and agreed to pay a $20,000 penalty: the settlement, which has to be approved by federal court, permanently bars him from violating specific securities laws, including those against manipulation and falsifying accounting records; it also calls for him to repay $37,022, representing losses he avoided by selling the company’s stock before its price collapsed – but all but $20,000 has been waived on the basis of inability to pay; Mr Sager agreed the settlement without admitting any liability.
