Oddly enough, it doesn't seem like a good lawyer got them off the hook....afterall, a judgement was rendered against all the defendants in court, but it appears that after the SEC obtained the judgement they quit??? Their response to investors to contact the Texas Courts to obtain more information seems to indicate they do not know what is going on? A court might have the power to grant decisions, but it is up to the plaintiff (in this case the SEC) to proceed in attempting to collect. I do not understand why they have not tried to collect on there judgement, the defendants did walk away with the investors money...the defendants must either have the funds or some assets purchased with those funds. It really is discouraging to read that the SEC was already onto the schemes of the defendants prior to ECFL and MNTY in other pinksheet stocks, but they did not do anything to stop them sooner...if the SEC had, the defendants would have never been able to publish false news or even create ECFL/MNTY and none of us here would have lost money. I hope that the SEC will pursue this and see to the fair funds being established to reimburse investors. I am sure investors want to have faith in the purpose of the SEC and creating a fair funds and seeing to it that all investors who lost money (in what could have been avoided with proper regulation and enforcement) are reimbursed (with interest, would be nice) could go a long way in instilling a bit of faith back in the system. The investors are still here, we didn't forget.
Maybe we should start contacting someone at the top of SEC such as Mary Schapiro or Robert Khuzami(they, themselves, might be unaware of the ECFL/MNTY matter). Maybe they can assign the right person to this matter and finally get some resolve...afterall everyday that goes by there is more chance the defendants could spend the ill gotten funds and less likely the SEC can recover for the investors.
