- EarnestDD you keep posting this factually void claim. Below is the SEC Litigation Release. I do not see CEO Gene Newton's name in the release. How strange if the SEC said that he "dumped BILLIONS of shares at DEEP discounted prices."
There was a Final Judgment in May of 2014. Please back up your post with facts. Please post sentence (or paragraph) extracted from Final Judgment
(you have a Final Judgment now so you do not need to go back to previous pleadings) that specifically
states "Gene dumped BILLIONS of shares at DEEP discounted prices." Repeating the general
claim that Gendarme bought shares from issuers does not specifically prove that CEO Gene Newton was legal accountable for anything. It is one thing for YOU to have an opinion and say Gene did something. It is an entirely different matter for you to claim the SEC has validated your claim. Wishful thinking on your part. U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23005 / May 28, 2014
Securities and Exchange Commission v. Gendarme Capital Corporation, et al., Civil Action No. 2:11-CV-00053-KJM-KJN (E.D. Cal.)
SEC Settles Claims Against Gendarme Capital Corporation and Remaining Defendants in Securities Registration Case
The United States District Court for the Eastern District of California has approved settlements resolving claims by the Securities and Exchange Commission against Gendarme Capital Corporation, its former principal, Ezat Rahimi, and its former attorney, Cassandra Armento. The SEC’s complaint had alleged that the defendants violated Section 5 of the Securities Act of 1933, by offering and selling the securities of several issuers without a filed or effective registration statement.
Without admitting or denying the allegations, Gendarme, Rahimi and Armento have each agreed to final judgments that enjoin them from any future violations of Section 5 of the Securities Act, and from participating in the issuance, offer, or sale of any security in an unregistered transaction except for purchases and sales of exchange-traded securities for their own, personal accounts. The Commission also dismissed its action against former defendant Ian Lamphere, due to his death in 2013.
For additional information, see Litigation Release No. 21798 (January 6, 2011) http://www.sec.gov/litigation/litreleases/2014/lr23005.htm