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Technology Stocks : BBAN -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (24)	8/28/2000 10:46:52 PM
From: groomerdude	Respond to of 27

Sec 8K filing 8/28/00 ITEM 3. BANKRUPTCY OR RECEIVERSHIP. On August 11, 2000, the Securities and Exchange Commission (the "SEC") filed a complaint in United States District Court for the Western District of Oklahoma against the Company and its president, Ivan Webb, and others, including Donald L. Knight, Broadcom Wireless Communications Corporation and certain other entities affiliated with Mr. Knight, alleging various violations of federal securities laws and seeking preliminary and permanent injunctive relief, disgorgement and civil monetary penalties. In connection with the filing of such complaint, the SEC obtained an emergency, ex parte order appointing Peter B. Bradford, an Oklahoma City attorney, as temporary receiver for the Company, and also obtained a temporary restraining order enjoining the defendants from further violations of the federal securities laws and freezing their assets. The complaint is styled Securities and Exchange Commission v. BroadBand Wireless International Corporation, Broadcom Wireless Communications Corporation, Ivan W. Webb, and Donald L. Knight, Defendants, and Black Giant Resources Corporation, Broadband Wireless Communications Corporation, Medscan Technologies, Inc., and Kimberly Knight, Relief Defendants (United States District Court for the Western District of Oklahoma, CIV 00-1375). 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BROADBAND WIRELESS INTERNATIONAL CORPORATION (Registrant) Date: August 28, 2000 By: /s/ Peter B. Bradford ------------------------------------------ Peter B. Bradford, Temporary Receiver

To: Arcane Lore who wrote (24)	10/19/2000 3:19:15 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 27

From today's SEC Digest: SEC v. BROADBAND WIRELESS INTERNATIONAL CORPORATION, ET AL. The Commission announced that on October 16 Chief Judge David Russell of the U.S. District Court for the Western District of Oklahoma in Oklahoma City entered preliminary injunctions against BroadBand Wireless International Corporation (BBAN), BroadCom Wireless Communications Corporation (BroadCom), Donald L. Knight and Ivan W. Webb in the referenced civil action. The Commission's complaint in this case alleges that Knight and Webb orchestrated a "pump and dump" scheme involving BBAN stock, through false and misleading press releases, SEC filings and postings on the "Raging Bull" Internet message board, which drove up the price of BBAN stock by more than 10,000%. Before the price fell back to its prior level, Knight, using additional misrepresentations, sold or "dumped" millions of shares of restricted BBAN stock he held in the name of BroadCom to investors, reaping at least $5 million. Knight and Webb participated in a false and misleading S-8 registration. Knight further devised a fraudulent proxy solicitation. Each party is preliminarily enjoined from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. BBAN and Webb are also enjoined from violations of Section 13(a) of the Exchange Act, and Rules 13a-11, 13a-13 and 12b-20 thereunder. BroadCom and Knight are also enjoined from violations of Sections 13(d) and 14(a) of the Exchange Act, and Rules 13d-1, 13d-2, 14a-3, 14a-6 and 14a-9 thereunder. In addition, each party is subject to an asset freeze. BBAN, BroadCom and Webb agreed to the entry of the injunctions. [SEC v. BroadBand Wireless International Corporation, BroadCom Wireless Communications Corporation, Ivan W. Webb and Donald L. Knight, Defendants; and Black Giant Resources Corporation, BroadBand Wireless Communications Corporation, MedScan Technologies, Inc., and Kimberly Knight, Relief Defendants, Civil Action No. CV100-1375-R, USDC, W.D. Okl.] (LR-16772) sec.gov