The Securities and Exchange Commission ("SEC") announced that on January 23, 2008, it filed a civil injunctive action in the United States District Court for the Eastern District of Washington against the former CEO of International Broadcasting Corporation, Daryn P. Fleming, ("Fleming") and an agent of the company, Mathew C. Bruce ("Bruce"), alleging that Fleming and Bruce violated the antifraud provisions of the federal securities laws. The SEC also announced that it has filed a settled civil injunctive action against International Broadcasting Corporation, in which the company consented to the entry of a permanent injunction from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.
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