Universal Express Inc fka USXP

[Stockdung]

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934
(Amendment No. ________________)* UNIVERSAL EXPRESS, INC. Name of Issuer) Date October 22, 2001

Signature: /s/ ALFRED PEEPER
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Name/Title: Alfred Peeper, Authorized Representative ORIENTAL NEW INVESTMENT,
LTD.
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Final Judgments by Default Entered Against Alfred Peeper, Oriental New Investments, Ltd., and Orienstar Finance, Ltd. in Market Manipulation Cases

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20560 / May 8, 2008
Securities and Exchange Commission v. Absolutefuture.com, et al., (United States District Court, Southern District of New York, C.A. No. 01-CV-9058 (DAB))
Securities and Exchange Commission v. Wamex Holdings, Inc., et al., (United States District Court, Southern District of New York, C.A. No. 01-CV-9056 (DAB))
Final Judgments by Default Entered Against Alfred Peeper, Oriental New Investments, Ltd., and Orienstar Finance, Ltd. in Market Manipulation Cases
The Securities and Exchange Commission announced today that a federal district court in New York recently entered final judgments by default against three parties, each of which was involved in two related stock manipulation schemes. On April 15, 2008, and March 11, 2008, the court entered the judgments against defendant Alfred Peeper and relief defendants Oriental New Investments, Ltd. (ONI), and Orienstar Finance, Ltd. (OFL) in two civil enforcement actions brought by the Commission. In its complaints, the Commission charged that Peeper, ONI, and OFL were involved in complex schemes to manipulate the common stocks of AbsoluteFuture.com (AFTI) and Wamex Holdings, Inc. (WAMX), respectively. According to the complaints, the manipulation schemes occurred from July 1999 through June 2000 and employed false and misleading press releases and manipulative trading techniques. Among other things, the judgments ordered Peeper, ONI, and OFL to disgorge trading profits totaling $12,869,543 and to pay prejudgment interest totaling $8,017,919.48.

The complaint in SEC v. Wamex Holdings, Inc., et al. was filed on October 11, 2001, and named 22 defendants, including Peeper, and four relief defendants, including ONI and OFL. The April 15, 2008 judgment against Peeper permanently enjoins him from violating the antifraud provisions of the federal securities laws - namely, Section 17(a) of the Securities Act of 1933 (Securities Act) and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The court also ordered that Peeper, ONI, and OFL are jointly and severally liable to pay disgorgement totaling $9,096,298, representing their trading profits in the WAMX scheme, plus prejudgment interest of $5,667,130.92, for a total of $14,763,428.92. In addition, Peeper was ordered to a pay civil money penalty of $110,000 and was permanently barred from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock. Previously, in October 2002, July 2004, and March 2007, the Commission obtained default judgments in the WAMX litigation against 20 of the 21 other defendants and both of the other relief defendants. The litigation is continuing as to the remaining party, defendant Eugene Geiger.

The complaint in SEC v. Absolutefuture.com, et al. also was filed on October 11, 2001, and named 12 defendants, including Peeper, and four relief defendants, including ONI and OFL. The March 11, 2008 judgment against Peeper permanently enjoins him from violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The court also ordered that Peeper, ONI, and OFL are jointly and severally liable to pay disgorgement totaling $3,773,245, representing their trading profits in the AFTI scheme, plus prejudgment interest of $2,350,788.56, for a total of $6,124,033.48. In addition, Peeper was ordered to pay a civil money penalty of $110,000. Previously, in January 2003, February 2003, and October 2004, the Commission obtained default judgments in the AFTI litigation against 10 of the 11 other defendants and one of the two other relief defendants. The litigation is continuing as to the remaining parties, defendant Eugene Geiger and relief defendant VJV, Inc.

The Commission alleged in its complaints that Peeper, a financier residing in Spain, participated in the schemes by purchasing large blocks of AFTI and WAMX stock at undisclosed discounts through trades prearranged with co-defendant Edward A. Durante. According to the complaints, relief defendants ONI and OFL, which are Hong Kong corporations with offices in Switzerland and Spain, were unjustly enriched by Peeper's illegal trading of AFTI and WAMX stock in their brokerage accounts, which he controlled. The complaints alleged that the transactions were manipulative in nature because they were misleadingly reported to the market and created a false impression of the trading volume and the demand for AFTI and WAMX shares. Overall, the manipulation schemes increased AFTI's stock price from a low of $0.21 per share in December 1999 to a high of $6.00 per share in March 2000, and increased WAMX's stock price from a low of $1.375 per share in December 1999 to a high of $19.50 per share in February 2000.

For additional information, see Litigation Release Numbers 17177 (October 11, 2001), 17178 (October 11, 2001), 17180 (October 11, 2001), 17602 (July 9, 2002), and 18004 (February 27, 2003).



http://www.sec.gov/litigation/litreleases/2008/lr20560.htm

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SEC Filings for Universal Express Inc
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ________________)*

UNIVERSAL EXPRESS, INC.
(Name of Issuer)

COMMON
(Title of Class of Securities)

91349P 10 3
(CUSIP Number)

DENNIS BROVARONE, 18 Mountain Laurel Dr., Littleton, CO 80127,
telephone [phone]

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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

August 21, 2001
(Date of Event Which Required Filing of This Statement)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


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CUSIP NO. 91349P 10 3
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(1) Names of reporting persons....................|Oriental New Investment, Ltd.
S.S. or I.R.S. Identification Nos. of above |
persons.......................................|
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(2) Check the appropriate box of a member of a |
group |(a)
(see instructions) |(b) X
--------------------------=-----------------------------------------------------
(3) SEC use only..................................|
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(4) Citizenship or place of organization..........|Hong Kong
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Number of shares beneficially owned by each |
reporting person with: |
(5) Sole voting power........................|16,313,118
|-----------------------------
(6) Shared voting power......................|
|-----------------------------
(7) Sole dispositive power...................|16,313,118
|-----------------------------
(8) Shared dispositive power.................|
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(9) Aggregate amount beneficially owned by each |
reporting person. |16,313,118
|-----------------------------
(10) Check if the aggregate amount in Row (9) |
excludes certain shares (see instructions). |
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(11) Percent of class represented by amount in Row|
(9). ........................................|11.25%
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(12) Type of reporting person (see instructions)..|CO
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(14) Check the appropraite box to designate the rule pursuant to which this
Schedule is filed:
| | Rule 13d-1(b)
|X| Rule 13d-1(c)
| | Rule 13d-1(d)
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2





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Item 1. Security and Issuer.

Item 1(a) Name of Issuer: Universal Express, Inc.
Title of Equity Securities: Common Stock $.005 par value

Item 1(b) Address of Issuer's
Principal Executive Offices: 1230 Avenue of the Americas Suite 771 - Rockefeller Center New York, NY 10020

Item 2.

Item 2(a) Name of Person Filing: Oriental New Investment, Ltd.,

Item 2(b) Address: Route des Acacias 54,
1227 Carouge, Switzerland

Item 2(c) Citizenship: a Hong Kong Corporation

Item 3. Not Applicable

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Amount Beneficially Owned: 16,313,118

Percent of class: 11.25%

Number of shares as to which such person has:

Sole power to vote or to direct the vote: 16,313,118

Shared power to vote or to direct the vote: 0

Sole power to dispose or to direct the disposition of: 16,313,118

Shared power to dispose or to direct the disposition of : 0





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Item 5.

Ownership of 5 Percent or Less of a Class.

Not Applicable

Item 6. Ownership of More than 5 Percent on Behalf of Another Person

Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable

Item 8. Identification and Classification of Members of the Group

Not Applicable

Item 9. Notice of Dissolution of Group

Not Applicable

Item 10. Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date October 22, 2001

Signature: /s/ ALFRED PEEPER
-----------------
Name/Title: Alfred Peeper, Authorized Representative ORIENTAL NEW INVESTMENT,
LTD.