Spongetech Delivery Systems, Inc. (fka SPNGQ)

[scion]

I. The Magistrate Judge Correctly Found That Metter Should Be Jointly and Severally Liable For All Proceeds Of The Spongetech Fraud .............................................................2

II. The Magistrate Judge Correctly Found That $52.4 Million Is A Reasonable Approximation Of The Proceeds Of The Spongetech Fraud, And That Metter Did Not Offer Evidence To Limit His Joint And Several Liability ...................................................8

III. The Magistrate Judge’s Imposition of a $6.13 Million Civil Penalty Should Be Adopted. ...........................................................................................................10

Extract -
Doc 350 PDF file
https://www.scribd.com/doc/281115285/SEC-v-Spongetech-et-al-Doc-350-filed-27-Aug-15-pdf