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

To: Don Hand who wrote (4807)	3/4/2002 3:57:13 PM
From: StockDung	Respond to of 6847

"Dr. Mark Bergman, investor relations. As a side note, I was also told that Alex Kankaris, designer of the new Xybernaut website, was also floating around, but I didn't meet him" I FOUND HIM SECURITIES AND EXCHANGE COMMISSION Litigation Release 16233/ August 2, 1999 SEC v. Kanakaris Communications, Inc. et al., Civil Action No. CV-S-99-0967-JBR-LRL. The Commission announced that on August 2, 1999, it filed a complaint seeking permanent injunctions against Kanakaris Communications, Inc. ("KCI"), Alexander Frank Kanakaris ("Kanakaris"), David R. Valenti ("Valenti") and Shawn F. Hackman ("Hackman"), alleging 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 and Rule l0b-5 thereunder. The Commission's complaint also seeks disgorgement from Hackman and civil penalties against Kanakaris, Valenti and Hackman. KCI, Kanakaris and Valenti have agreed to settle the action by consenting, without admitting or denying the allegations of the complaint, to be enjoined from future violations of the registration and antifraud provisions of the federal securities laws; Kanakaris and Valenti also have agreed to pay civil money penalties of $25,000 each. The complaint alleges that from January 1997 through January 1998, Kanakaris and Valenti both officers of KCI, fraudulently sold the securities of KCI and its predecessor company to individuals in several states. In soliciting investments, it is alleged Kanakaris and Valenti made misrepresentations regarding KCI's financial condition and operations. It is also alleged that Kanakaris and Valenti misrepresented to investors that KCI had a joint venture agreement with Microsoft Corporation. Some of these misrepresentations were allegedly also posted on KCI's web site. In addition, it is alleged that Hackman, a Las Vegas attorney, prepared a false offering memorandum for KCI, sold KCI stock using the offering memorandum, and collected and distributed the proceeds of those sales, retaining a substantial portion of those funds for his own use. It is further alleged that Hackman, without authorization from KCI, prepared and filed a registration statement with the Commission which, among other things, misrepresented the shareholdings of KCI's management and major shareholders, stated that no unregistered offerings of KCI's securities had been made within the previous year and, rather than including audited financial statements, contained a review of KCI's financial statements without obtaining the consent of the accountants who prepared the review. sec.gov

To: Don Hand who wrote (4807)	3/4/2002 4:11:49 PM
From: StockDung	Read Replies (1) \| Respond to of 6847

What would life be like if I did not update you on Mark Bergmans latest "HOT STOCK" SEC sues Eagle Building for fictitious revenues WASHINGTON, March 1 (Reuters) - U.S. regulators on Friday filed a lawsuit against Eagle Building Technologies Inc. <EGBT.OB>, alleging the company had rung up nonexistent revenue on its balance sheet and preyed on public security fears after the Sept. 11 attacks. The U.S. Securities and Exchange Commission alleged the Boca Raton, Florida-based company engaged in a massive financial fraud by recording millions of dollars of imaginary revenue from its foreign operations in India. Eagle develops precision-engineered machinery for the construction industry. The SEC, which last month temporarily suspended Eagle trading, on Friday won a preliminary injunction from U.S. District Court in Washington against both the company and its Chairman and Chief Executive Anthony Damato. The defendants accepted the injunction without admitting or denying the charges. An Eagle spokesman was not immediately available for comment. The SEC complaint also alleged Eagle issued three false and misleading press releases, which touted anti-terrorism security devices and were designed to capitalize on public anxiety after the deadly hijack attacks on New York and Washington. On Feb. 15 the SEC imposed a 10-day trading suspension on Eagle shares because it doubted the accuracy of the company's claims about an airport baggage security system, technology to sterilize mail and software which could detect money laundering. The company's shares, which were halted through Friday, closed on Feb. 14 at $1.44 on the Bulletin Board. The SEC said it wanted a permanent injunction, civil penalties and those who cashed in on the financial fraud to hand over their ill-gotten gains. 18:53 03-01-02