Romana Food Brands Corp (RFBC)

[Homebrew]

NEWS: SEC Closing in on BBRD Scam Today.

https://www.sec.gov/litigation/admin/2016/34-77747.pdf

The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 (“Exchange Act”) against Stalin Antonio Asenjo (“Asenjo” or “Respondent”).

II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, Respondent admits the Commission’s jurisdiction over him and the subject matter of these proceedings, and the findings contained in Sections III.B.1. below, and consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (“Order”), as set forth below.

III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:
2
A. RESPONDENT
1. Respondent acted as a stock promoter for various microcap issuers and
participated in an offering of Blackbird International Corporation (“BBRD”) stock, which is a penny stock. BBRD had retained Asenjo’s services as a promoter. Respondent, 42 years old, is a resident of Winter Park, Florida.

B. RESPONDENT’S CRIMINAL CONVICTION
1. In mid-June 2015, Asenjo pleaded guilty plea to one count of wire fraud in violation of Title 18 United States Code, Section 1343 before the United States District Court for the Southern District of Florida. United States v. Stalin Antonio Asenjo, Case No. 15-60112-CRZLOCH/HUNT.
On August 31, 2015, a judgment in the criminal case was entered against Asenjo.
He was sentenced to three years of probation.

2. As part of his guilty plea, Respondent stipulated that from February 27,
2012 through June 22, 2012, he engaged in a scheme to fraudulently manipulate the stock of BBRD by artificially inflating its trading volume and share price through contrived purchases. The misconduct underlying the criminal charges occurred during the period in which Asenjo was articipating in a penny stock offering.

IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent’s Offer.
Accordingly, it is hereby ORDERED pursuant to Section 15(b)(6) of the Exchange Act, that Respondent be, and hereby is, barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock.
For the Commission, by its Secretary, pursuant to delegated authority.