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ments from 1994 to 2000.
In particular, the complaint focuses on Madera's former v.p.-sales and marketing/c.e.o., Ramiro Rafael Fernandez.
Among the allegations is that Fernandez sold nearly 8 million shares of company stock that was artificially inflated due to fraudulent public disclosures. The stocks, sold from May 2000 to July 2001, netted Fernandez at least $68,791.65.
The complaint also alleges that Madera never acquired a valid legal title for the 730.000 acres of timberland in the Brazilian rainforest it claims to own.
Fl. Builder Partners With Chain
Building Materials Holding Corp., San Francisco. Ca.. has formed WBC Construction, Fort Lauderdale, Fl., a joint venture with a local construction company to contract with residential builders in Florida to produce sitebuilt home exteriors.
The new firm is owned 6OVo by BMHC and 40Vo by Willard Brothers Construction, which had more than $100 million in revenues durine fiscal year 2002.