Law Enforcement Associates, which has come under scrutiny for allegations of insider trading and other illegal activities, has named a new top executive.
The Raleigh company announced today that it promoted chief financial officer Paul Briggs to the CEO spot. He replaces Alan Terry, who took over as LEA's interim CEO in August.
The maker of electronic surveillance gear is being investigated for its sales to state agencies. In addition, LEA's former CEO and sales director have accused company officials, including chairman Tony Rand and Briggs, of numerous crimes.
Last week, the company released the results of its own investigation that found no evidence of wrongdoing by Rand or other company officials.