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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (1513)	5/7/2001 10:07:13 PM
From: mmmary	Respond to of 12465

More Ziasun news Salt Lake City CPAs Settle Charges Over Dynamic American Audit Washington, May 7 (Bloomberg) -- Two Salt Lake City accountants agreed to be barred from auditing public companies after settling charges that they improperly examined Dynamic American Corp., a defunct Utah company, regulators said. CPAs R. Gordon Jones and Mark F. Jensen neither admitted nor denied Securities and Exchange Commission charges filed last May that they ``recklessly'' violated professional auditing standards in a 1995 review of Dynamic American. Attorneys for Jensen and Jones were unavailable for comment. Dynamic American's stock registration was revoked in 1999 after the SEC accused it of misstating the value of Bolivian mineral properties acquired in a sham transaction. The financial statements audited by Jones and Jensen overvalued the Bolivian mines at $36.6 million, the SEC charged. Separately, the SEC also said that Jensen was reckless in auditing a 1994 financial statement of Sky Scientific Inc., a defunct Florida gold mining company that the SEC charged with fraudulently marketing its stock. In March 1999, an administrative law judge ordered Sky Scientific and 16 brokerages, stock promoters and former company executives to pay $14.8 million in penalties. The administrative law judge said the parties illegally touted Sky Scientific's stock in glossy brochures, marked up the price, and distributed millions of unregistered shares from 1993 to 1995. May/07/2001 17:38 ET SEC docs sec.gov