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Technology Stocks : WELU - Wellness Universe -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (28)	2/17/2000 3:06:00 PM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 40

Here's hoping the SEC rips 'em a new one! Also hope some people learned to be less gullible. Pappas' claims didn't pass the laugh test. ...Mezz -

To: Arcane Lore who wrote (28)	1/4/2001 3:49:10 PM
From: Arcane Lore	Respond to of 40

From today's SEC Digest: ADMINISTRATIVE PROCEEDINGS SETTLED TO REVOKE REGISTRATION OF COUNTRYLAND WELLNESS RESORTS, INC. On January 3, the Commission settled a public administrative proceeding, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act) to determine whether to revoke the registration with the Commission of the common stock of Countryland Wellness Resorts, Inc. (Countryland). Countryland, a Delaware corporation, maintains its offices in Las Vegas, Nevada. Countryland's common stock was registered with the Commission pursuant to Section 12(j) of the Exchange Act. Countryland, as found in the order revoking its registration, materially misrepresented its financial position in each of its annual reports and quarterly reports filed with the Commission in 1996 through the present and in a registration statement. (Rel. 34-43788; File No. 3-10314) sec.gov Section 12(j) of the Exchange Act reads as follows: Section 12 -- Registration Requirements for Securities ... j. The Commission is authorized, by order, as it deems necessary or appropriate for the protection of investors to deny, to suspend the effective date of, to suspend for a period not exceeding twelve months, or to revoke the registration of a security, if the Commission finds, on the record after notice and opportunity for hearing, that the issuer of such security has failed to comply with any provision of this title or the rules and regulations thereunder. No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence. ... law.uc.edu

To: Arcane Lore who wrote (28)	3/31/2004 3:17:17 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 40

From today's SEC Digest: FINAL CONSENT JUDGMENTS ENTERED AGAINST WELLNESS UNIVERSE CORPORATION, SYNPAN CORPORATION, AND GEORGE CHARLES PAPPAS The Commission announced today that the U.S. District Court for the Southern District of New York entered final judgments by consent on March 17 against defendants, Wellness Universe Corporation (Wellness) and Synpan Corporation (Synpan), and their control person, defendant George Charles Pappas (Pappas) of New York, New York, in an action brought by the Commission to stop an ongoing pump and dump scheme perpetrated by the defendants in connection with the sale of Wellness stock. The Commission's complaint alleged that, between approximately mid- December 1999 and mid-February 2000, Pappas caused Synpan and Wellness to issue a series of false or misleading press releases designed to inflate artificially the price of Wellness stock so that the defendants, through certain friends and family members of Pappas, could sell shares of Wellness stock to the public at artificially inflated prices. Without admitting or denying the allegations of the Commission's complaint, Wellness, Synpan, and Pappas have each consented to the entry of a Final Judgment permanently enjoining each from future violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder. In addition, the Final Judgment to which Pappas has consented requires Pappas to disgorge a total of $1,128,572.24 in ill-gotten gains and prejudgment interest, orders Pappas to pay a $75,000 civil penalty, and imposes on Pappas a penny stock bar and an officer and director bar. That Final Judgment also bars Pappas from ever again offering or selling unregistered securities professionally to investors. Specifically, it will permanently bar Pappas from participating in an unregistered offering "while acting as, on behalf of, or in association with, an issuer, underwriter, broker, or dealer." sec.gov