Founder of low-cost vehicle company arrested

Newswire

By Gail Appleson NEW YORK, Feb 21 (Reuters) - The founder of World Transport Authority Inc. , a company that sells licenses to build a low-cost utility vehicle, was arrested on Friday for allegedly causing the company to lie about its expected sales. Douglas Norman, 61, a Canadian citizen who lives in El Cajon, California, was indicted for allegedly scheming to boost the company's share price in 2000 and 2001 and then selling his holdings for more than $1.6 million. The indictment was ...

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