Plastic2Oil Inc (PTOI)

[Rawnoc]

Steady T is correct as usual. Nowhere in here:

JBI and Bordynuik consented to final judgments entered by the Court. The final judgment against JBI permanently enjoined the company from violating Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 10b-5, 12b-20, 13a-1, 13a-11, and 13a-13 thereunder, and ordered JBI to pay a civil monetary penalty of $150,000. The final judgment against Bordynuik permanently enjoined him from violating Section 17(a) of the Securities Act and Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5, 13a-14, 13b2-1 and 13b2-2 thereunder, and from aiding and abetting violations of Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-11, and ordered him to pay a civil penalty of $110,000. Bordynuik also was barred for five years (from March 18, 2013) from acting as an officer or director of a public company.

does it say:

Final judgment for charges of fraud and fraudulent acts were handed down by the Court.

A settlement could mean for lesser "charges," but since it is a settlement those charges aren't spelled out. In fact, no charges whatsoever were spelled out in the settlement.

One could be charged with murder and trespassing, then settle on a $50 fine, but that doesn't make one a murder who had judgment for murder handed down from the court.