AVEW Holdings Inc. (AVEW)

[ronning999]

lucyinthesky....

Notice..."On April 10, 2008, the Commission filed a complaint against Traveller in SEC v. Compass Capital Group, Inc., et al., Civil Action No. 2:08-cv-00457-ECR-PAL (D. Nev.)." In other words Traveller was sued by the SEC for securities fraud.

The SEC filed a complaint in District Court in Nevada against Traveller for securities fraud. Traveller obviously copped a plea and offered a settlement to the SEC which they accepted. The alternative would have been a trial and probable jail time. End result he was still guilty, just a matter of sentencing (plea or other).

The plea was --- "Traveller also was ordered to pay a $50,000 civil money penalty and was barred for five years from acting as an officer or director of a public company and from participating in an offering of penny stock."