Wednesday, January 04, 2023 12:51:03 PM
Fred Schiemann
The Commission announced that on June 16, 1993 the Honorable Edward C. Reed, U.S. District Judge for the Northern District of Nevada issued a permanent injunction against Fred V. Schiemann (Schiemann) of Reno, Nevada. The order enjoins Schiemann from aiding and abetting future violations of the antifraud provisions. Schiemann consented to the issuance of the permanent injunction without admitting or denying the allegations of the Commission's complaint. The issue of the amount of disgorgement was left open. The complaint alleged that while acting as a certified public accountant for the company, Pacific Waste Management, Inc. (Pacific Waste), Schiemann fraudulent inflated assets of the company in two audited financial statements distributed to the public and market makers. The inflated audited financial statements were relied on by an attorney to issue an opinion that those selling the securities of Pacific Waste need not comply with Rule lSc2-6. Broker-dealers relied on the opinion and did not comply with Rule 15c2-6 when soliciting the securities of Pacific Waste to their retail customers. Schiemann was aware that these audited financial statements would be relied on for this purpose. [SEC v. Pacific Waste Management, Inc .. et al., Civil No. CV-N-93-232-ECR, USDC Nevada] (LR-13704)
Source:
https://www.sec.gov/news/digest/1993/dig071393.pdf
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM