Frank Fradella of Covington, the former chief executive of Home Solutions of America, was charged last month with fabricating payments from other contractors to his company, falsely reporting the income to the U.S. Securities and Exchange Commission. That, in turn, drove up the publicly traded firm's stock price and allowed Fradella to cash in with insider trading, according to the grand jury indictment.
http://www.nola.com/crime/index.ssf/2011/05/katrina_recovery_contractor_wh.html