Securities and Exchange Commission v. 8000, Inc., Jonathan E. Bryant, Thomas J. Kelly, and Carl N. Duncan, Esq., Civil Action No. 12-CV-7261 (S.D.N.Y.)
September, 2012:
SEC Charges Company and its Two Principals and Attorney in Stock Manipulation Scheme
SEC v. Rudolf D. Pameijer, et al., United States District Court for the Southern District of Indiana (Case No. 1:12-CV-01364) (S.D. In.)
September, 2012:
SEC CHARGES FOUR DEFENDANTS IN FRAUDULENT INVESTMENT SCHEME
Securities and Exchange Commission v. Wwebnet, Inc. and Robert L. Kelly,
Civil Action No. 12-CV-6581 (S.D.N.Y. August 28, 2012)
August, 2012:
Recently, the Securities and Exchange Commission filed a civil action in the United States District Court for the Southern District of New York charging Wwebnet, Inc. (Wwebnet) and its chief executive officer, Robert L. Kelly (Kelly), with making material misrepresentations and omissions to investors in Wwebnet.
SEC Charges New York-Based Firm and Owner in Penny Stock Scheme
August, 2912:
The penny stock plague never goes away. It just changes its form. In another twist, the the Securities and Exchange Commission recently charged a New York-based firm and its owner with conducting a penny stock scheme in which they bought billions of stock shares from small companies and illegally resold those shares in the public market.
Securities and Exchange Commission v. Thomas D. Coldicutt, Jr., et al., Case No. 4:12-CV-00505 (E.D.Tex.) (filed August 13, 2012)
SEC Charges Six Individuals in $6 Million “Shell-Factory” Scheme
Recently, the SEC filed suit in the United States District Court for the Eastern District of Texas against Thomas D. Coldicutt, Jr., Elizabeth L. Coldicutt, Robert C. Weaver, Jr., Christopher C. Greenwood, Linda S. Farrell, and Susana Gomez. According to the complaint, between 2006 and 2011, Defendants engaged in an elaborate scheme to create and sell at least 15 public shell companies, from which they derived nearly $6 million in ill-gotten gains. The SEC alleges that the husband and wife team of Thomas and Elizabeth Coldicutt installed nominee officers and directors in corporations that they secretly funded and controlled, and that they directed and helped the corporate nominees, including Farrell, Weaver, Greenwood, and Gomez, submit materially false and misleading registration statements and reports to the SEC. These false documents gave the companies the appearance of legitimacy and permitted their securities to be quoted on the OTC Bulletin Board.
Securities and Exchange Commission v. Ronald Feldstein, Civil Action No. 12 Civ. 5751 (S.D.N.Y.)
July, 2012:
SEC CHARGES AIDER AND ABETTOR OF PENNY STOCK COMPANY’S DISCLOSURE OF FAKE INVESTMENT
SEC v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.)
July, 2012:
Defendant Matthew Brown Settles Penny Stock Manipulation Charges
Securities and Exchange Commission v. Jerry S. Williams, Monk’s Den, LLC, and First In Awareness, LLC, 3:12-cv-01068 (District of Connecticut, Complaint filed July 20, 2012)
July, 2012
SEC CHARGES STOCK PROMOTER IN INTERNET-BASED SCALPING SCHEME.
SEC v. Brian Gibson, Civil Action No. 0:11-cv-61458-WPD (U.S. District Court for the Southern District of Florida)
SEC v. Douglas Newton and Real American Brands, Inc., n/k/a Real American Capital Corp., Civil Action No. 0:11-cv-61455-WJZ (U.S. District Court for the Southern District of Florida)
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