CMKM Diamonds Inc (fka CMKX)

[rics1997]

Advantage Capital Development Corp

8-K 10/03/95


In accepting the election, Ronald G. Stoecklein disclosed a recent case filed in the United States District Court, Southern District of New York, Securities Exchange Commission vs. Softpoint, Inc., et al., wherein Mr. Stoecklein is named as a co-defendant. Donald J. Stoecklein disclosed an Administrative Offer and Settlement with the Securities and Exchange Commission, although neither admitting nor denying allegations, agreed to the Order Instituting Cease and Desist proceedings pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities and Exchange Act of 1934.
http://www.secinfo.com/d1KSg.a3.htm

A quick search of the SEC showed nothing about an Administration Offer to Don Stoeklein.


A little more on Ronald Stoecklein

In SEC v. Softpoint, Inc.,52 a lifetime bar order was entered against Ronald G. Stoecklein who, as president, chief operating officer, and director of a software company had created millions of dollars in fictitious sales in order to
enhance his company’s financial statements. “Coincident with his activities on behalf of Softpoint, Stoecklein enriched himself through insider trading in Softpoint common stock.”53

52. 958 F. Supp. 846 (S.D.N.Y. 1997), aff’d, 159 F.3d 1348 (2d Cir. 1998).

Exactly what Ron was up to.
http://content.lawyerlinks.com/library/sec/cases/pdfs/958_fsupp_846.pdf

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3.3 DIRECTORS AND OFFICERS. The names and titles of all directors and
officers of CEC as of the date of this Agreement:

Ronald J. Robinson President and Director
Donald J. Stoecklein Secretary and Director
Ronald G. Stoecklein Treasurer and Director
Robert Maheu Director

http://www.secinfo.com/d1KSg.9y.htm

From a Lee Webb Article

According to an SEC filing by CEC Industries Corp., now known as Advantage Capital Development Corp., for which he served as a director, Mr. Stoecklein entered into a settlement with the U.S. regulator and, while neither admitting nor denying the allegations, agreed to the entrance of a cease and desist order.

Coincidentally, CMKM's recently appointed co-chairman Robert Maheu was also identified as a director of CEC in that filing.
http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-457014-U:CMKX&symbol=CMKX&news_region=U



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Here's what I have found so far.

In the Softpoint case Ron was represented by his brother Donald Stoecklein.

He arranged to have his brother, D. Stoecklein, open brokerage accounts and sell a large portion of the stock. He was kept apprised of the brokerdealers' progress in selling the shares and remitting the proceeds.

As a result he consented to a Cease and Desist Order

Without admitting or denying the findings, D.
Stoecklein consented to an SEC Cease and
Desist Order regarding his role in the Softpoint
stock transactions. He was required to disgorge
$19,975. Cease and Desist Order, Securities Act
Release No. 33,7207, Exchange Act Release No.
34,36177, 60 S.E.C. Docket 327

Good old Donald Stoecklein represented virtually every witness subpoenaed to testify during the SEC investigation into Softpoint

http://content.lawyerlinks.com/library/sec/cases/958_FSupp_846.htm" target="_blank">http://content.lawyerlinks.com/default.htm#http://content.lawyerlinks.com/library/sec/cases/958_FSupp_846.htm