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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Skeeter Bug who wrote (12452)12/1/1997 10:55:00 PM
From: Urlman  Read Replies (1) of 13351
 
From Bloomberg:
On 11/25 Huttoe agreed to surrender 12.5 million --his illegal profits.

"Mr. Huttoe is pleased to put this matter behind him.....He is surrendering everything he has"
=John Fedders

Because of his inability to pay.... he was ordered to liquidate his assets...worth between 6-8 million depending on changing mkt. values...

Karen Purvis Huttoe , Tammy Jo Perkins also agreed to surrendewr brokerage and bank accounts in their names---- combined worth $500,000 (Fedder also represents the two)

Starlog Franchise Corp, Hope Associates LLC, Michael Michaelson, Raymond Markman, Herman Rush, Mark Savel & George Holsten also agreed to surrender a total of $950,00 in illegal profits

Investors Associates Inc of Hackensack N.J will pay $1,100,000 to
settle the SEC complaint naming them as a releif defendant

-Urlman
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