To keep investor suspicions at bay, says the SEC, Anderson first wrote that a planned public offering had been delayed--then decided to turn Westar into a public company via a reverse merger with Terax.
The complaint alleges that she registered with the SEC to issue 500, 000 shares of Terax to Westar but, instead, distributed those shares to Camden and a trust held in the name of Anderson's wife, Jennie Santamaria.