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To: Arcane Lore who wrote (7841)	9/16/1999 7:55:00 PM
From: tonto	Read Replies (1) \| Respond to of 8012

Thanks Arcane for the post. The punishment phase starts at last. From today's SEC Digest: SEC DEFENDANT SENTENCED FOR PERJURY COMMITTED DURING SEC INVESTIGATION The Commission announced that on September 10 Herbert Woll (Woll), a resident of Marietta, Georgia, was sentenced following his conviction by a jury in the United States District Court, Eastern District of Tennessee of committing perjury during his sworn testimony before an officer of the SEC. The District Court Judge, Curis L. Collier, sentenced Woll to 18 month imprisonment, with two years supervised release thereafter, and ordered Woll to pay a $5,000 fine. The perjured testimony was offered by Woll during the course of an SEC investigation that led to a pending civil action, SEC v. Mohamed Khairy Mohamed Zayed, II, Michael W. Rehtorik, and Herbert Woll, C.P.A. (E.D. Tenn., Civil Action No. 1:98-CV-327 Judge Edgar, filed September 24, 1998). The SEC filed civil fraud charges against two former officers of Genesis International Financial Services, Inc. (Genesis), Mohamed Khairy Mohamed Zayed, II (Zayed) and Michael W. Rehtorik (Rehtorik), and its former accountant, Woll, for their roles in an illegal "pump and dump" scheme involving Genesis' stock. In its complaint, the SEC alleged that Zayed, Rehtorik and Woll engaged in securities fraud in the promotion and sale of the Genesis stock by using fraudulent financial statements and press releases calculated to deceive prospective investors. Woll, a certified public accountant, was named as a defendant in the SEC litigation for his actions in preparing the fraudulent financial documents for Genesis. On April 30, 1997, before filing its civil action, the SEC issued an order temporarily suspending the trading of the securities of Genesis, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act). Woll was convicted of committing perjury in response to questions relating to his personal criminal history. Specifically, Woll knowingly provided false testimony by failing to reveal that his criminal history included several arrests and convictions. The SEC's case, which involves violations of the antifraud provisions, Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder by Woll, Zayed and Rehtorik, is currently ongoing in the Tennessee district court. [U.S. v. Herbert Emanuel Woll: 1:99-CR-25] (LR-16283; AAE Rel. 1158) sec.gov

To: Arcane Lore who wrote (7841)	9/23/1999 5:41:00 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 8012

More concerning Woll from today's SEC Digest: COMMISSION SETTLES PUBLIC ADMINISTRATIVE PROCEEDINGS AGAINST HERBERT WOLL On September 22, the Commission instituted and simultaneously settled public administrative proceedings, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 102(e) of the Commission's Rules of Practice, against Herbert Woll, C.P.A. (Woll). The order instituting the proceedings (Order) bars Woll from (i) participating in any offering of penny stock, and (ii) appearing or practicing before the Commission as an accountant. The Commission's Order finds that between 1996 and 1997, Woll practiced before the Commission as an accountant. The Order further finds that on September 13 the U.S. District Court for the Eastern District of Tennessee permanently enjoined Woll, by consent, from further violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The permanent injunction followed a civil action initiated by a complaint filed by the Commission on September 23, 1998, alleging that Woll, a certified public accountant, prepared fraudulent financial documents for Genesis International Financial Services, Inc. (Genesis). The complaint further alleged that Genesis used the fraudulent documents prepared by Woll in Commission filings and the company's press releases in order to promote and sell its stock. (Rel. 34-41894; AAE Rel. 1159; File No. 3-10020) sec.gov

To: Arcane Lore who wrote (7841)	11/5/1999 3:39:00 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 8012

COMMISSION SETTLES PUBLIC ADMINISTRATIVE PROCEEDINGS AGAINST MICHAEL REHTORIK On November 4, the Commission instituted and simultaneously settled public administrative proceedings, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act), against Michael W. Rehtorik (Rehtorik). In the Order, the Commission barred Rehtorik from participating in any offering of penny stock. The Order finds that on October 22, 1999, the U.S. District Court for the Eastern District of Tennessee permanently enjoined Rehtorik, by consent, from further violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The permanent injunction followed a civil action initiated by a complaint filed by the Commission on September 23, 1998, alleging that Rehtorik, the Managing Director and Director of Strategies and Investor Relations for Genesis International Financial Services, Inc. (Genesis) promoted the stock of Genesis through fraudulent Commission filings and company press releases. The complaint further alleges that once the price of the stock had been inflated artificially through his efforts, Rehtorik and others sold Genesis stock through nominee accounts, then booked a portion of the proceeds as income to Genesis. (Rel. 34-42097; File No. 3-10090) sec.gov