Vernon consent agreement (see post I'm responding to for earlier details):
PAUL VERNON ENJOINED BY CONSENT AND $5,000 CIVIL PENALTY IMPOSED
The Commission announced that on August 25 the Honorable Zita L.
Weinshienk, United States District Judge for the District of
Colorado, entered an order of permanent injunction against Paul B.
Vernon (Vernon) of Denver, Colorado. The order, which was entered
pursuant to Vernon's consent, in which he neither admitted nor
denied the allegations of the complaint, prohibits him from further
violations of the registration, anti-fraud, and filing provisions of
the federal securities laws. Specifically, Vernon is enjoined from
further violations of Sections 10(b) and 13(d) of the Securities
Exchange Act of 1934, Rules 10b-5 and 13d-1 thereunder, and Sections
5(a), 5(c) and 17(a) of the Securities Act of 1933.
The complaint charged that Vernon acted as a nominee in connection
with the sale of unregistered Golden Eagle stock and signed a false
Schedule 13D concerning his ownership of Golden Eagle stock filed
with the Commission. The order also requires Vernon to pay a civil
penalty of $5,000 to the U.S. Treasury.
The complaint in this matter was filed on May 7, 1998, and named as
defendants Vernon, Golden Eagle International, Ronald Knittle, Mary
Erickson, Greg Vernon and Timberline Consulting Inc. Litigation is
continuing as to the other defendants. See, LR-15733, May 7, 1998.
[SEC v. Golden Eagle International, Inc., et al., Civ. Action No.
98-Z-1020, D. Colo.] (LR-15862)
sec.gov |
