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Something 'you should all know'...."Includes"Enzyme Environmental
ENFORCEMENT PROCEEDINGS - SEC Obtains Emergency Relief Against Stock Distributors Stephen Carnes, Lawrence Powalisz and Others - Find, Inc. - Government Press Releases
ENFORCEMENT PROCEEDINGS - SEC Obtains Emergency Relief Against Stock Distributors Stephen Carnes, Lawrence Powalisz and Others
Monday , September 28, 2009 19:30ET
http://www.knobias.com/individual/public/quote.htm?ticker=SGLS
http://www.knobias.com/story.htm?eid=3.1.b543becc6be7c9c02b0d33bd6b6aba9a88ac199672a02fed52c8b26139f2fe1e
Sep 28, 2009 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- The Securities and Exchange Commission announced today that on September 25, it obtained emergency relief against Stephen W. Carnes, Lawrence A. Powalisz, their companies K&L International Enterprises, Inc., Signature Leisure, Inc., and Signature Worldwide Advisors, LLC (collectively, the Stock Distributors), as well as Jared E. Hochstedler and Enzyme Environmental Solutions, Inc. (Enzyme Environmental) The Honorable Gregory A. Presnell of the United States District Court for the Middle District of Florida entered a temporary restraining order (TRO) enjoining all defendants from violating Sections 5(a) and (c) of the Securities Act of 1933. Judge Presnell also ordered an asset freeze against the Stock Distributors and temporarily prohibited them from participating in any offering of penny stock.
The SEC's complaint, filed on September 24, alleges that the defendants engaged in an ongoing scheme to evade the registration provisions of the federal securities laws by selling billions of shares of stock issued by microcap companies to the investing public without adhering to the registration requirements of Section 5 of the Securities Act. According to the complaint, the scheme involved a series of transactions between the Stock Distributors and the microcap companies, including Enzyme Environmental (the Issuers), with the same essential characteristics: First, a Stock Distributor either purported to lend money to an Issuer or the Issuer identified a "debt" owed to its officer that the Issuer and officer assigned to the Stock Distributor. Second, to reduce or eliminate the loan or the assigned debt, the Issuer issued shares of its stock to the Stock Distributor. Third, before or after the stock issuances, the Stock Distributor paid the Issuer or an affiliate of the Issuer. Finally, the Stock Distributor immediately sold the shares into the public market. In two years, the Stock Distributors generated approximately $7 million in illegal profits the complaint alleged.
In addition to the emergency relief already obtained, the SEC is seeking permanent injunctions, disgorgement of ill-gotten gains, and civil penalties against all defendants. The SEC is also seeking penny stock bars against the Stock Distributors. [SEC v. K&L International Enterprises, Inc., et al., Case No. 6:09-cv-1638-Orl-31KRS (M.D. Fla.)] (LR-21224)
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http://www.knobias.com/story.htm?eid=3.1.b543becc6be7c9c02b0d33bd6b6aba9a88ac199672a02fed52c8b26139f2fe1e
http://www.knobias.com/individual/public/quote.htm?ticker=SGLS
INCL & LGAL....ON-THE-MOVE !!!!
Yesterday is History,Tomorrow is a Mystery,Today,a Gift !!!
Got that MOMO MOJO here !!
'MO MONEY !!!!
MOTD1; Congrats on your nest-egg; good going....Sell in increments, like what is shown in POST#17511. You have more to distribute , so you can add a larger number of 'trigger points' for your sells , over time. The sell points are up to you.
INCL; 10bags, just 4 starters !!!!
imo
INCL & LGAL....still going 'UP' !!!
tz2's & tz6's here.
We've got a WINNER here folks!!!
TERRIFIC DAY !!!! More2come !
Last minute whack but we will do just fine! Get well soon.
28 close------YIPEEEEEE !
There she be.....28 ! Yahooooooooooo !!!
1.3mm @ 27
26 & climbing !
More buyers coming-in...get "Slaphappy" !
Raise the Ask !! Ready 4 the NEWS here.
LS; Yes we R very fortunate indeed !
ON-the-MOVE again !!
Party pooper !
Mr.Fence(prob.@work)is missing the fun...Yahooooooo !
Welcome Mr.Stocks--now 'buckle-up'.
Wow; Got out of this just-in-time ! 1:100 R/S---had a feeling this wasn't going 2 be pretty. Good luck w/this one.
I don't believe a word you say.... NO IR would EVER say such a thing about a stock he represents !!!!
Already did....as usual.
Scumbag bidwhackers...we'll have the last laugh !
We're strapped-in...now; Hit the GAS !
Good news this week !?! As I recall, the word was that there would be 'good news' PR w/in the next 2 weeks....that was said 1 1/2 weeks ago as I recall.......locked & loaded here !
Still 'moving-on-air'. good sign !
18mm; You BOGART you !!! LOL---'smart guy U R" !
INCL.........going "INSANE" !!!!
INCL....still "ON-FIRE" !!!!
INCL made me a 'Winner'4 the "2nd time" on ThePinkySlotMachine 4 last week. No prize this time except 4 INCL's huge gains............Thankyou INCL
Raise that Ask !!!!
More GREEEEEEEEEN !
INCL, 'one-more-time' 4 me pls. Jorgey
Thanyou Jorgey....INCL; still "ON-FIRE" !!!!
23/25 & WE'RE JUST GETTING STARTED !!