Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : One Big Scam? CTRN, ECTS, IVHD, SMEK & MALB -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (548)	4/21/2005 7:44:19 PM
From: Bear Down	Read Replies (1) \| Respond to of 559

I thought peter was due out this month? according to BOP he moved to atlanta and doesnt get released until october 1. PETER TOSTO 41140-019 40 White M 10-16-2005 ATLANTA CCM

To: StockDung who wrote (548)	5/20/2005 3:08:36 PM
From: Arcane Lore	Respond to of 559

From today's SEC Digest: COMMISSION DECLARES DECISION AS TO RICHARD KERN AND CHARLES WILKINS FINAL The decision of an administrative law judge barring Richard S. Kern and Charles Wilkins from participating in an offering of any penny stock has become final. The law judge found that on Oct. 2, 2003, the United States District Court for the Southern District of New York permanently enjoined Kerns and Wilkins from violating Sections 5(a) and 5(c)of the Securities Act of 1933 and ordered them, jointly and severally, to pay disgorgement and prejudgment interest of $7,765,173. The court also ordered Kern to pay a civil penalty of $400,000 and Wilkins to pay a civil penalty of $300,000. The law judge also found that on June 28, 2004, the district court permanently enjoined Kern and Wilkins from violation Section 10(b) of the Exchange Act of 1934 and Exchange Act Rule 10b-5. From April 1998 through January 1999, Kern and Wilkins successfully listed the securities of three shell corporations on the NASD’s OTC Bulletin Board in an attempt to merge the shell corporations with other corporations. The respondents distributed the corporations’ stock to family and friends, who held the securities for two years before the securities were publicly listed, and then respondents re-gathered the stock back from them. The respondents also effected public sales of the shell corporations’ securities to entities owned or controlled by Respondents’ co-defendant, Peter C. Lybrand, without registering their transactions with the Commission and aided and abetted a market manipulation by Lybrand. (Rel. 34-51712; File No. 3-11537) sec.gov