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SammyTheBull

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SammyTheBull

Re: traveler30 post# 76227

Monday, 09/28/2009 8:58:38 PM

Monday, September 28, 2009 8:58:38 PM

Post# of 76909
The SEC case was closed in April. It seems that the others - Reynolds & Page are under criminal indictment and the case was stayed then administratively closed until the criminal trial is completed.

The good news is on 9/4/2009, the SEC filed a motion for default judgement against Milligan and Brola. In that, they're asking for full disgorgement, an officer bar, penny stock bar, other sanctions and a penalty of $120,000 each.

It also says that neither Milligan nor Brola contested the charges alleged by the SEC. It also looks like Milligan moved back to Michigan.

I'll check at another point in time to see what the financial figures come out to.


"Insanity is doing the same thing over and over again and expecting different results"

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