off topic:
Patrick Kephart and Scott Mijares, settled Securities and Exchange Commission allegations, without admitting or denying the charges, that they bribed several stockbrokers so they would sell certain securities to their clients. Kephart agreed to pay $25,297 of the profits he received, plus prejudgment interest and penalties. Mijares agreed to repay $19,002 in alleged profits and the same amount in penalties plus interest. According to the SEC complaint, a group of stock promoters, including Kephart and Mijares, made about $2.6 million in profits when they allegedly paid stockbrokers to sell those particular securities to their clients. Furthermore, the stock promoters even issued promotional brochures concerning different public companies without disclosing that they were being paid by the companies to issue the brochures. (Dow Jones News Service, February 2, 1998) |