MARK SCHULTZ ALSO HYPD PROMOTER AT ONE TIME. GUESS THE SEC MISSED THAT ONE. (SEE BELOW)OR SEE groups-beta.google.com
ACCORDING TO GOOGLE HE IS IN FLORIDA AND NOT SPAIN SEE google.com
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Spain is Boiler-Room Heaven
COURT ENTERS DEFAULT JUDGMENT AGAINST INTERNET STOCK TOUTER MARK SCHULTZ, ORDERS PAYMENT OF DISGORGEMENT, PENALTIES AND INTEREST
The Commission announced that on July 10, 2002, Judge Milton Pollack of the United States District Court for the Southern District of New York entered a default judgment against Mark Schultz, 49, an internet stock touter who now lives in Spain.
The Commission's complaint upon which the default judgment is premised alleged that, as compensation for his touting, Schultz received undisclosed stock and cash compensation from at least twelve issuers between 1995 and 1998.
Those issuers are Acacia Research Corp., American Entertainment Group, American Nortel Communications, AWG, Ltd., Eutro Group Holdings, Inc., EVRO Corp., Imagica Entertainment, Inc., Imaging Diagnostic Systems, Inc., N.U. Pizza Holding Corp., Tessa Complete Health Care, Inc., Wasatch International Corp., and WestAmerica Corp.
The Commission's complaint alleged that Schultz's recommendations typically made inflated financial projections and predicted short-term price increases of 100 percent or more. The Commission's complaint also alleged that Schultz misrepresented his recommendations of these issuers as the product of independent analysis when in fact his publications were merely paid tout sheets. The complaint alleged that in many cases Schultz would receive "bonuses" if the stock he touted achieved certain price levels.
The complaint also alleged that Schultz engaged in the practice of "scalping" or selling stock contrary to his circulated recommendations with respect to the securities of Acacia Research Corp., Advanced Laser Products, Inc., Colossal Resources Corp., and Imagica Entertainment, Inc.
Schultz moved from Florida to Spain in approximately late 1998. He did not file an answer to the SEC's complaint or contest the allegations, prompting the Court to enter a default judgment.
In its order, the Court permanently enjoined Schultz from future violations of Sections 17(b) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-thereunder, and ordered him to pay disgorgement of $566,035.93, to pay prejudgment interest of $300,871.22, and to pay civil penalties of $110,000.00.
[SEC v. Mark Schultz , Civil Action No. 00 Civ. 3443(MP) SDNY] (LR- 17676)
Searched all groups Results 1 - 4 of 4 for (561) 743-6115 hyperdynamics. (0.23 seconds)
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misc.invest.technical - Nov 2 1997, 6:54 pm by Mark Schultz - 2 messages - 1 author
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misc.invest.marketplace - Oct 30 1997, 4:34 pm by Mark Schultz - 2 messages - 1 author
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misc.invest.stocks - Nov 1 1997, 7:29 pm by Mark Schultz - 1 message - 1 author
GET ON BOARD
... TOMORROW www.stocks4tomorrow.com mschu...@waltech.com 561-743-6115 10-30 ... Call
561-643-6115 or e-mail sto...@flinet.com ... HYPERDYNAMICS (HYPD) 1 3/8 - 1 5/8 + 3/8 ...
misc.invest.misc - Oct 31 1997, 2:31 am by Mark Schultz - 1 message - 1 author
11-2-97 FREE TRIAL
... FOR TOMORROW www.stocks4tomorrow.com mschu...@waltech.com 561-743-6115 11-2 ... Call
561-643-6115 or e-mail sto...@flinet.com ... HYPERDYNAMICS (HYPD) 1 3/8 - 1 9/16 on ...
alt.consumers.free-stuff - Nov 2 1997, 10:21 am by Mark Schultz - 2 messages - 2 authors
Securities Exchange Act of 1934
Release No. 47154 / January 10, 2003
Administrative Proceeding
File No. 3-11005
Order Instituting Public Proceedings and Notice of Hearing Pursuant to Section 15(B)(6) of the Securities Exchange Act Of 1934
Proceedings Instituted Against Mark Schultz
The Securities and Exchange Commission today announced that it issued an Order Instituting Public Administrative Proceedings pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934 in which the Division of Enforcement will seek a penny stock bar against Mark Schultz, a resident of Fuengirola, Spain.
In the Order Instituting Proceedings, the Division of Enforcement alleges, inter alia, that a U.S. District Court entered default injunctions against Schultz. SEC v. Mark Schultz, No. 00 Civ. 3443 (S.D.N.Y.) (July 10, 2002) (MP). The injunctions were based on the Commission's allegations in the District Court matter that between 1995 and 1998, Schultz made fraudulent misrepresentations in violation of federal securities laws. According to the Complaint in the District Court matter, Schultz failed to disclose that he was paid by companies to recommend their stocks and that his advice was not based on independent analysis. The Complaint also alleged that Schultz failed to disclose that he intended to sell and in fact sold stock of certain companies at the same time that he recommended that readers of his publication by the companies' stocks. The companies that paid Schultz to promote their common stocks were penny stocks as defined in Section 3(a)(51)(A) of the Securities Exchange Act of 1934.
A hearing will be scheduled before an administrative law judge to determine whether the allegations contained in the Order are true, to provide Schultz an opportunity to dispute these allegations, and to determine whether a penny stock bar is appropriate and in the public interest.
sec.gov
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