http://www.sec.gov/Archives/edgar/data/1074142/000106299302000674/form8k.htm
ITEM 5. Other Events and Regulation FD Disclosure.
On August 13, 2002, the Federal Bureau of Investigation arrested Howard Kerbel, Barry Berman (major stockholders of the Company), Dennis Epstein (Chairman of the Board of Directors), Kenneth Liebscher (President of the Company), and Melvin Levine and Vincent Barone (consultants to the Company) for federal mail and wire fraud and various securities violations. All parties have pleaded not guilty to these charges. ThermoElastic Technologies, Inc. and Subsidiary were not charged in these activities.
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