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Sunday, July 20, 2008 5:03:37 PM
Let me for the 3rd time today repeat what the allegations are about:
SEC Allegation 7-12
7.
Moreover, on January 4,2007, Rivera, acting through Originally New York, Inc. ("ONYI"), a company with which USSE planned to merge, issued a press release (the "January 4th OM Press Release") that falsely claimed that USSE and ONYI's combined technology would have "an immediate market value of between 9 and 12 billion dollars." This press release also repeated the false and misleading claims contained in USSE's earlier press releases.
8.
Collectively these false press releases materially inflated both the daily trading volume and price for USSE shares. As a result, Price sold her USSE holdings at artificially inflated prices.
9.
Between October 2006 and February 2007, Rivera directed Price to sell over 2.6 million shares of USSE stock at artificially inflated prices, thereby generating approximately $72 1,462 in profits.
10.
Price was unjustly enriched in the amount of proceeds she received from these sales.
11.
Rivera drafted or approved the press releases and knew that they contained materially false and misleading claims before he directed Price to sell USSE stock.
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