CYIOS Corporation (CYIO)

[surfkast]

Thank you Renee for you usual great DD!

Looks like this scam is toast!


No money coming into this empty shell! Hefty penalties though.


JMHO, Tim probably set up the sale of this shell to pay off the fines and penalties by issuing toxic notes.


Order
Under Section 8A of the Securities Act of 1933 and Section 21C of the
Securities Exchange Act of 1934:
CYIOS Corporation must CEASE AND DESIST from committing any
violations or future violations of Section 17(a)(3) of the Securities Act of
1933, Section 13(a) of the Securities Exchange Act of 1934, and Exchange
Act Rules 13a-1 and 13a-13; and
Timothy W. Carnahan must CEASE AND DESIST from causing any
violations or future violations of Section 17(a)(3) of the Securities Act of
1933, Section 13(a) of the Securities Exchange Act of 1934, and Exchange
Act Rules 13a-1 and 13a-13; and from committing any violations or future
violations of Exchange Act Rules 13a-14 and 13a-15.

Under Section 8A(g) of the Securities Act of 1933 and Section 21B(a) of the
Securities Exchange Act of 1934:
CYIOS Corporation must PAY A CIVIL MONEY PENALTY in the amount
of $500,000; and
Timothy W. Carnahan must PAY A CIVIL MONEY PENALTY in the
amount of $100,000.
Under Section 8A(e) of the Securities Act of 1933 and Sections 21B(e) and
21C(e) of the Securities Exchange Act of 1934:
CYIOS Corporation must DISGORGE $37,500.00, plus prejudgment
interest. The prejudgment interest owed will be calculated from December
1, 2012, to the last day of the month preceding the month in which
payment of disgorgement is made. Prejudgment interest will be computed
at the underpayment rate of interest established under Section 6621(a)(2)
of the Internal Revenue Code, 26 U.S.C. § 6621(a)(2), and compounded
quarterly.148
Payment of civil penalties, disgorgement, and interest must be made no
later than 21 days following the day this initial decision becomes final, unless
the Commission directs otherwise. Payment must be made in one of the
following ways: (1) transmitted electronically to the Commission, which will
provide detailed ACH transfer/Fedwire instructions upon request; (2) direct
payments from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/ofm; or (3) by certified check, bank cashier’s check, bank
money order, or United States postal money order made payable to the
Securities and Exchange Commission and hand-delivered or mailed to the
following address alongside a cover letter identifying Respondent(s) and
Administrative Proceeding No. 3-16386: Enterprise Services Center, Accounts
Receivable Branch, HQ Bldg., Room 181, AMZ-341, 6500 South MacArthur
Blvd., Oklahoma City, Oklahoma 73169. A copy of the cover letter and
instrument of payment must be sent to the Commission’s Division of
Enforcement, directed to the attention of counsel of record.
This initial decision will become effective in accordance with and subject
to the provisions of Rule 360.149 Under that rule, a party may file a petition for
review of this initial decision within 21 days after service of the initial decision.
Under Rule of Practice 111, a party may also file a motion to correct a manifest error of fact within ten days of the initial decision.150 If a motion to correct a
manifest error of fact is filed by a party, then a party has 21 days to file a
petition for review from the date of the order resolving such motion to correct a manifest error of fact.