Printing Company Executives Agree to Pay $75K in Fines

FAIRPORT, NY—A pair of executives with ImageXpres Corp. have agreed to pay $75,000 in fines to settle financial fraud allegations brought by the U.S. Securities and Exchange Commission (SEC), the Rochester Democrat and Chronicle reported.

John and Kevin Zankowsi, the executives, were sued by the SEC late last month on allegations that the financial performance of the company had been "hugely overstated" to investors between 2009 and 2011, the newspaper said.