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To: scion who wrote (2115)	7/3/2008 10:34:42 AM
From: scion	Read Replies (1) \| Respond to of 2347

C. Altomare Did Not Disclose Current Business Activities Altomare did not disclose to the SEC, or to the Court in hearings on contempt, his participation in a business enterprise called Encore Holdings. When confronted with evidence obtained by the SEC through independent means, he acknowledged that it is a business which he is trying to get started. In November 2007, the company leased space in New York under arrangements made by Altomare and Chris Gunderson. [Depo. Exhibit 42]. Altomare’s failure to disclose this enterprise raises a clear question as to his candor with respect to his financial condition. Transcript 166-171. ----------------- 07/02/2008 338 STATUS REPORT. Plaintiff's Second Submission on Altomare's Contempt Document filed by U.S. Securities and Exchange Commission. ------------