Advanced Search Search Help Search Reset Showing results 1-10 of 33 UNITED STATES - SECURITIES AND EXCHANGE COMMISSION: SEC v. CMKM DIAMONDS, INC., et al, Case 2:08-CV-00437-LRH-RJJ Id. at 9:21-25.) Using stock certificates issued by Bagley, Edwards then sold nearly 260 billion shares of stock through two brokers: Anderson and Anthony and Kathleen Tomasso. Id. at 16:15, 8:22-24.) Anderson and Edwards met weekly. Id. at 15:28.) Anderson was Edwards s registered representative at Defendant NevWest Securities Corporation, and he handled all of Edwards s accounts and trades. Id. at 15:26-28.) Anderson sold 259,890,832,845 shares of CMKM stock in 569 transactions for $53.3 million. The scheme produced $26.4 million for Edwards, $2.3 million for Anderson, and $648,500 for the Tomassos. Therefore, the court will proceed under the terms of the consent decrees and order Edwards, Anderson, and the Tomassos to pay disgorgement of ill-gotten gains, prejudgement interest, and civil penalties. A. Disgorgement and Prejudgment Interest Edwards s, Anderson s, and the Tomassos consent decrees require disgorgement of illgotten gains and prejudgment interest. Section: Enforcement | Size: 226 kb | Type: pdf | Date: June 24, 2009 sec.gov/divisions/enforce/claims/cmkmopinion062409.pdf
Posted on: Thu, 18 Dec 2014 09:40:08 +0000
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