Mealey's (December 5, 2022, 1:36 PM EST) -- SAN FRANCISCO — A federal district court did not abuse its discretion in ordering a man to pay nearly $14 million in disgorgement in connection with his operation of a securities fraud scheme because the amount related to the amount he received selling his founder shares of a company at the heart of the scheme as stated in the complaint filed against him by the Securities and Exchange Commission, a Ninth Circuit U.S. Court of Appeals panel affirmed Dec. 2....