UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 34-63242/November 4, 2010 IN THE MATTER OF 8000, INC. The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”) , of the trading in […]
Former Oregon Bank Manager Sought By FBI In Possible $1.2 Million Misappropriation Case
The Federal Bureau of Investigation raided the home of Shawna Leimomi Saia, also known as Shawna Saia-Moore, 37, of Coos Bay, Oregon last week on suspicion that she misappropriated as much as $1.2 million from customer accounts at the local Wells Fargo Bank branch where she had been employed as assistant manager. Authorities believe Saia […]
Clinical Trial Doctor Is Charged With Insider Trading
BOSTON — French physician Yves Benhamou has been arrested and charged with securities fraud after allegedly providing a hedge fund with information about adverse events in a drug trial for which he was an adviser. The information about the investigational hepatitis C drug Albuferon allowed FrontPoint Partners to avoid losses of $30 million, according to […]
Neb. man gets 5 years prison for investment fraud
A Nebraska man who pleaded guilty to securities fraud has been ordered to spend five years in prison and repay $6.8 million to his victims. U.S. District Judge Lyle Strom sentenced 47-year-old Bryan Behrens of Omaha on Monday. Prosecutors say Behrens lured mostly elderly investors under false pretenses and used their money to buy luxury […]
SEC: REVOKING REGISTRATION (Electrosound Group, Inc., Evolutions, Inc., et.)
ORDER MAKING FINDINGS AND REVOKING REGISTRATION OF SECURITIES PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO EXCELSIOR-HENDERSON MOTORCYCLE MANUFACTURING CO. I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Excelsior-Henderson Motorcycle Manufacturing Co. (“Excelsior-Henderson” […]
SEC Charges Atlanta Residents with Securities Fraud
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 21713 / October 29, 2010 Securities and Exchange Commission v. Elite Resources, LLC, et al., Case No. 1:10-CV-3522 (N.D. Ga) SEC Charges Atlanta Residents with Securities Fraud The Securities and Exchange Commission (Commission) filed a civil injunctive action in Atlanta Georgia on October 29, 2010, alleging that […]
SEC Charges James D. Sterling in Scheme to Defraud Banks and Their Depositors
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 21714 / October 29, 2010 Securities and Exchange Commission v. James D. Sterling, Case No. 10-Civ.-8206 (SAS) (S.D.N.Y. Oct. 29, 2010) SEC Charges James D. Sterling in Scheme to Defraud Banks and Their Depositors in Over 50 Public Stock Offerings The Securities and Exchange Commission today announced […]
SEC: REVOKING REGISTRATION OF SECURITIES (Cell Wireless Corp. CLWL)
ORDER MAKING FINDINGS AND REVOKING REGISTRATION OF SECURITIES PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934 AS TO CELL WIRELESS CORP. I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by Cell Wireless Corp. (“Cell Wireless” or […]
SEC: Halts Offering Fraud by Chicago-Based Firms
SEC Halts Offering Fraud by Chicago-Based Firms FOR IMMEDIATE RELEASE 2010-208 Washington, D.C., Oct. 29, 2010 — The Securities and Exchange Commission today obtained an emergency court order freezing the assets of two Chicago-based financial firms that were conducting a fraudulent offering of promissory notes. Additional Materials SEC Complaint Litigation Release No. 21715 The SEC […]
SEC Charges Massachusetts-Based Forex Traders
SEC Charges Massachusetts-Based Forex Traders and Their Firm With Fraud Washington, D.C., Oct. 28, 2010 — The Securities and Exchange Commission today charged two foreign currency traders and their Boston-based company with operating a fraudulent scheme in which they sent investors misleading account statements while stealing their funds and incurring major trading losses. The SEC […]