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U.S. v. VANGUARD INV. CO., INC.

No. 88-2130.

907 F.2d 439 (1990)

UNITED STATES of America, Plaintiff-Appellee, v. VANGUARD INVESTMENT COMPANY, INC., Defendant-Appellant.

United States Court of Appeals, Fourth Circuit.

Decided March 12, 1990.

As Amended July 2, 1990.

Attorney(s) appearing for the Case

Kevin Stuart Wiley, Sr. (argued), Chapman, Reese & Wiley, P.C., Dallas, Tex. (David Wagner, Winston-Salem, N.C., on brief), for defendant-appellant.

Joyce Ann Oblon, Small Business Admin., Washington, D.C., for plaintiff-appellee.

Before RUSSELL and PHILLIPS, Circuit Judges, and HAYNSWORTH, Senior Circuit Judge.

PER CURIAM:

This appeal concerns action taken by the Small Business Administration of the United States Government ("SBA") against a "small business investment company" ("SBIC"), Vanguard Investment Co., Inc. ("Vanguard"). For the reasons stated below, we affirm.

Vanguard was incorporated under the laws of North Carolina in 1970, and was also licensed by the SBA that year as a small business investment company under section 301(d) of the Small Business Investment...

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