Paragon Self Reports Potential Violations Related to Former CEO Gad's Immigration and Work Authorization Status to U.S. Government Authorities
Paragon Technologies (OTC:PGNT) has self-reported potential federal law violations to U.S. government authorities regarding former Chairman and CEO Hesham Gad's immigration and work authorization status. The company disclosed that it may have violated federal statutes by knowingly employing Gad as CEO of both Paragon and SI Systems when he lacked valid work authorization in the United States. The company has submitted detailed information about the circumstances to relevant federal agencies and committed to maintaining transparency with shareholders regarding any feedback, required disclosures, or potential penalties resulting from this matter.
Paragon Technologies (OTC:PGNT) ha auto-segnalato alle autorità governative statunitensi potenziali violazioni delle leggi federali riguardanti lo status di immigrazione e l'autorizzazione al lavoro dell'ex Presidente e CEO Hesham Gad. La società ha dichiarato di poter aver violato normative federali impiegando consapevolmente Gad come CEO sia di Paragon che di SI Systems, nonostante non avesse un'autorizzazione valida per lavorare negli Stati Uniti. L'azienda ha fornito informazioni dettagliate sulle circostanze alle agenzie federali competenti e si è impegnata a mantenere la trasparenza con gli azionisti riguardo eventuali riscontri, obblighi di comunicazione o possibili sanzioni derivanti da questa vicenda.
Paragon Technologies (OTC:PGNT) ha informado por iniciativa propia a las autoridades federales de EE.UU. sobre posibles violaciones a la ley federal relacionadas con el estatus migratorio y la autorización de trabajo del ex Presidente y CEO Hesham Gad. La compañía reveló que podría haber infringido leyes federales al emplear conscientemente a Gad como CEO tanto de Paragon como de SI Systems cuando no contaba con autorización válida para trabajar en Estados Unidos. La empresa ha presentado información detallada sobre las circunstancias a las agencias federales correspondientes y se ha comprometido a mantener la transparencia con los accionistas respecto a cualquier retroalimentación, divulgaciones necesarias o posibles sanciones derivadas de este asunto.
Paragon Technologies (OTC:PGNT)는 전 회장 겸 CEO인 Hesham Gad의 이민 및 취업 허가 상태와 관련하여 미국 정부 당국에 잠재적인 연방법 위반 사항을 자진 신고했습니다. 회사는 Gad가 미국 내 유효한 취업 허가 없이 Paragon과 SI Systems의 CEO로 고용된 사실을 인지하고 있었으며, 이로 인해 연방법을 위반했을 가능성이 있다고 밝혔습니다. 회사는 관련 연방 기관에 상황에 대한 상세 정보를 제출했으며, 이 문제로 인한 피드백, 필요한 공시 또는 잠재적 처벌 사항에 대해 주주들에게 투명하게 공개할 것을 약속했습니다.
Paragon Technologies (OTC:PGNT) a auto-déclaré aux autorités gouvernementales américaines d'éventuelles violations des lois fédérales concernant le statut d'immigration et d'autorisation de travail de l'ancien président et PDG Hesham Gad. La société a révélé qu'elle pourrait avoir enfreint les lois fédérales en employant sciemment Gad en tant que PDG de Paragon et de SI Systems alors qu'il ne disposait pas d'une autorisation de travail valide aux États-Unis. L'entreprise a soumis des informations détaillées sur les circonstances aux agences fédérales compétentes et s'engage à maintenir la transparence avec les actionnaires concernant tout retour, divulgation nécessaire ou sanction potentielle résultant de cette affaire.
Paragon Technologies (OTC:PGNT) hat potenzielle Verstöße gegen Bundesgesetze bezüglich des Einwanderungs- und Arbeitsgenehmigungsstatus des ehemaligen Vorsitzenden und CEO Hesham Gad den US-Behörden selbst gemeldet. Das Unternehmen gab bekannt, dass es möglicherweise gegen Bundesgesetze verstoßen hat, indem es Gad wissentlich als CEO sowohl von Paragon als auch von SI Systems beschäftigte, obwohl dieser keine gültige Arbeitserlaubnis in den Vereinigten Staaten besaß. Das Unternehmen hat detaillierte Informationen zu den Umständen an die zuständigen Bundesbehörden übermittelt und sich verpflichtet, gegenüber den Aktionären transparent über jegliches Feedback, erforderliche Offenlegungen oder mögliche Strafen im Zusammenhang mit dieser Angelegenheit zu informieren.
- None.
- Company may face penalties and fines from federal agencies for immigration law violations
- Potential legal consequences for knowingly employing CEO without proper work authorization
- Risk of reputational damage due to compliance failures at the highest management level
EASTON, PA / ACCESS Newswire / May 9, 2025 / Paragon Technologies, Inc. (OTC PINK:PGNT), today announced that it has self-reported to the appropriate United States government agencies the potential violations of federal law related to former Chairman and CEO, Hesham Gad's, immigration and work authorization status.
As previously disclosed, Paragon believes it may have violated federal statues that preclude businesses from knowingly employing individuals who lack valid work authorization to be employed in the United States. Today, Paragon is submitting information to the appropriate agencies detailing the circumstances surrounding Mr. Gad having the company employ him as CEO, and as CEO of SI Systems, when he was aware that such employment was illegal.
Paragon Technologies is committed to transparency and will promptly inform its shareholders should it receive any feedback from the federal agencies that requires disclosure or additional input from Paragon, or that results in penalties or fines assessed against the company.
About Paragon Technologies
Paragon Technologies, Inc. is a holding company owning subsidiaries that engage in diverse business activities, including material handling, distribution, real estate, and investments. For additional information please visit: www.pgntgroup.com.
Investor Relations Contact:
Alliance Advisors IR
ParagonIR@allianceadvisors.com
SOURCE: Paragon Technologies Inc.
View the original press release on ACCESS Newswire
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