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asilverstar

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asilverstar

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Wednesday, 04/01/2015 2:52:51 AM

Wednesday, April 01, 2015 2:52:51 AM

Post# of 1964
Saito Get's his bad news

http://www.courthousenews.com/2015/03/31/E%20SMART.pdf

"
MEMORANDUM OPINION
This long-running case features a civil-enforcement action brought by the Securities and
Exchange Commission, alleging that e-Smart Technologies, Inc., a public company, was a sham.
While it purported to be at the cutting edge of developing and manufacturing a biometric “smart”
card, such claims, according to the Commission, were pie in the sky. In fact, pro se Defendants
Mary Grace (the company’s CEO) and Tamio Saito (its Chief Technology Officer) repeatedly
misrepresented the cards’ capabilities to investors. "
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