Universal Express Inc fka USXP

[puppydotcom]

"The part I like is where the ..
Supporters of USXP continue to ignore the dirty deeds the CEO has perpetrated upon the shareholders. I very much doubt anyone bought this stock based on any blind loyalty towards CEO. I willing to bet the average buyer bought based on all the Press Releases And paid pumps By USXP

The Courts and the SEC have deemed this company to be a fraud and the press releases to be misleading along with selling Billions of illegal shares



I will ask this question again to the RA supporters.

Who do you believe is the most creditable?

Courts and justice system of the USA

Or

Richard Altomare?

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UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
U.S. SECURITIES AND EXCHANGE COMMISSION, :l
:
Plaintiff :
:1:04-cv-02322 (GEL)
v. :
:
UNIVERSAL EXPRESS, INC., et al., :


Defendants. :
PLAINTIFF'S MOTION FOR ENTRY OF CIVIL CONTEMPT
AGAINST DEFENDANTS UNIVERSAL EXPRESS, INC., RICHARD A. ALTOMARE, AND CHRIS G. GUNDERSON

Plaintiff Securities and Exchange Commission moves the Court to enter an order finding the defendants Universal Express, Inc., Richard A. Altomare, and Chris G. Gunderson in civil contempt of the Court's order for preliminary injunction entered April 20, 2004, and the final judgment entered on April 2, 2007. Contrary to the Court's orders, the defendants have continued to violate the securities registration provisions by issuing over 5.4 billion shares of Universal Express stock during the first three months of 2007 when no registration statement was in effect and an additional 15.536 billion since the April 2, 2007 entry of the Court's final judgment. Altomare and Gunderson's actions also violated the penny stock bars entered against them. Universal Express and Altomare have continued to make materially false and misleading statements in reports filed with the Commission on March 26, May 21, and June 14, 2007. The defendants have failed to pay disgorgement and prejudgment interest by April 16, 2007 as ordered, and Altomare has violated the officer and director bar imposed upon him by the Court's Final Judgment entered April 2, 2007. These flagrant violations can only be addressed by entry of civil contempt sanctions.

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