I think he got a slap on the hand (and one on the shoulder) for his earlier offenses (Regent?), but being a convicted felon at the time of the RMEC scam left him open for stiffer penalties. I found a report (link at bottom of this page) dated Oct 17, 2007 that summarizes the actions against him: 1) The shutting down of RMEC in Apr 2003 and, 2) the fraud indictment against him in July 2007. According to this, the "SEC charges apparently remain pending". If it took the SEC 4 years just to finally indict him for fraud I doubt the trial would occur within 7 months. I figure sometime around March 2013 would be about right.
4/3/03: The SEC filed a civil action against Mr. Johnson and others in connection with an alleged fraudulent stock manipulation scheme involving Rocky Mountain Energy Corporation. The court granted the SEC's requests for a temporary restraining order and an asset freeze against Rocky Mountain, its CEO, John N. Ehrman, and Mr. Johnson, and also appointed a temporary receiver to take control of Rocky Mountain and the assets of Mr. Ehrman.
7/13/07: An indictment was unsealed charging John N. Ehrman, the former CEO of Rocky Mountain Energy Corporation, with 13 counts of securities fraud and false SEC filings.
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