(Bloomberg) -- Sterne Agee Group, one of the fastest-growing brokerages in the South, sued its former chief executive officer over claims he took his corporate credit card on a decade-long spending spree for fishing boats, a yacht, a vacation condominium and ownership in a luxury ski chalet.
The complaint against James S. Holbrook Jr., ousted as CEO in May, follows revelations that hes being investigated by the U.S. Justice Department over the claims. The probes are still under way, a person familiar with the matter said, asking not to be named because the investigation isnt public.
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