LITIGATION RELEASE NO. 16069 / February 24, 1999 SECURITIES
AND EXCHANGE COMMISSION v. P. JOSEPH VERTUCCI, BRUCE E.
STRAUGHN, ROBERT V. PETRY, ROLAND R. BAUGHMAN, RICHARD M.
JOHNSON, EDWARD MEYER, JR., and HAZLET INVESTORS, INC.,
Civil Action No. 5:99CV426 (N.D. Ohio) February 24, 1999 SEC
CHARGES PRESIDENT OF INTERACTIVE MULTIMEDIA PUBLISHERS,
INC., AND INTERNET STOCK PROMOTERS WITH SECURITIES FRAUD.
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* Roland R. Baughman ("Baughman") of Cuyahoga Falls, Ohio.
In February 1996, the complaint alleges, Johnson paid
Baughman with cheap IMP shares to promote IMPs stock on the
internet. From his home computer, Baughman began
aggressively touting IMP on the Prodigy Services Money Talk
bulletin board in February 1996, but he did not disclose
that he was being paid for his touts or that he himself was
selling shares while recommending that others buy them.
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