Intercell Corp. (INCE)

[MMMARY]

CEO Paul Metzinger is a con man

SEC vs Paul Metzinger: what a con man

http://www.mary.cc/npct/7.htm

On December 19, 1988, without admitting or denying any of the allegations contained in the above-referenced complaints, except as to jurisdiction, which was admitted, Metzinger consented, to the issuance of an order of permanent injunction and to the entry of final judgment thereon. The order was entered by the federal district court on February 23, 1989. Pursuant thereto, Metzinger is permanently enjoined from violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act") Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act") and Rule l0b-5 thereunder, and Rule 13b2-1 under the Exchange Act; and aiding and abetting violations of Sections 10(b), 13(a), 13(b), 13(d) and 15(a) of the Exchange Act and Rules l0b-6, 12b-20, 13a-1, 13a-13, 13b2-2 and 13d-1 under the Exchange Act.

In brief, Metzinger was alleged in the above-referenced complaints to have, among other things: (1) offered and sold unregistered securities; (2) substantially participated in the unregistered distributions of others by writing instruction and opinion letters to transfer agents and by helping to arrange an exchange and the issuance of stock; (3) made material misstatements and failed to disclose material information in connection with writing or disseminating instruction and opinion letters, press releases and reports filed with the Commission; (4) participated in the fabrication of a consulting agreement in connection with which a company fraudulently reported income; (5) made false and misleading statements to outside auditors in connection with the preparation of reports filed with the Commission; (6) prepared stock-ownership reports containing false and misleading information and filed such reports with the Commission; and (7) participated in a pre-arranged merger agreement which rendered false and misleading a Form S-18 registering a blank check offering, and then prepared and filed false posteffective amendments containing false disclosures with respect to this agreement.

Based on the foregoing, the Commission finds that Metzinger has been permanently enjoined pursuant to a court order and that judgment has been entered thereon, with his consent, by a court of competent jurisdiction in an action brought by the Commission. The court order enjoins Metzinger from violating Sections 5(a) 5(c) and 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rule l0b-5 thereunder, and Rule 13b2-1 under the Exchange Act; the order also enjoins Metzinger from aiding and abetting violations of Sections 10(b), 13(a), 13(b), 13(d) and 15(a) of the Exchange Act and Rules l0b-6, 12b-20, 13a-1, 13a-13, 13b2-2 and 13d-1 under the Exchange Act.

more information here http://www.mary.cc/npct



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Just say NO to stock fraud!