DoMark International Inc. (fka DOMK)

[Voices of Reason]

ducduc - thought you might have an interest in this regarding Andrew Farmer, financier of DOMK: http://www.sec.gov/litigation/litreleases/2015/lr23386.htm

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23386 / October 9, 2015

Securities and Exchange Commission v. Andrew Farmer, et al., Civil Action No. 4:14-CV-2345 (S.D. Tex.)

SEC Obtains Summary Judgment Against Andrew Farmer in Pump-And-Dump Scheme Touting Technology to End Fracking

The Securities and Exchange Commission today announced that, on October 7, 2015, it obtained summary judgment on all of its claims against Andrew Farmer in a market manipulation case involving the securities of Chimera Energy Corp. The SEC suspended trading in Chimera Energy stock in 2012.

In its memorandum and order, the Honorable Keith I. Ellison of the United States District Court for the Southern District of Texas found that:

In 2011 and 2012, Farmer orchestrated an elaborate scheme through which he gained control, at nominal cost, of millions of shares of Chimera stock.
Chimera and Farmer conducted a public relations barrage designed to pump up the company’s stock price, despite the fact that Chimera had only nominal assets and illusory business dealings.
The non-hydraulic fracturing technology touted by Chimera and Farmer was “entirely fictitious.”
Farmer personally pocketed more than $4.1 million from his deceptive conduct.
The Commission’s evidence “established the existence of a complex and methodical money-making scheme of which the various statements and omissions were interlocking parts.”
Based on these findings, the court ruled that Farmer violated Sections 5 and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

The Court will determine the appropriate remedies against Farmer at a later date.

The SEC’s litigation is being led by Matthew Gulde and Nikolay Vydashenko.

The SEC appreciates the assistance of the Financial Industry Regulatory Authority and the Swiss Financial Market Supervisory Authority in connection with the investigation leading to the litigation.

For further information, see Litigation Release No. 23072 (August 21, 2014).