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scion

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scion

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Re: None

Monday, 10/01/2012 2:18:46 PM

Monday, October 01, 2012 2:18:46 PM

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In addition, Austin is barred from acting as an officer or director of a public company and from participating in an offering of penny stock, and must pay a $40,000 civil penalty. Carolyn Austin must pay disgorgement of $174,471, plus prejudgment interest of $22,982. The settlements are subject to the Court’s approval.

SEC Complaint
http://www.sec.gov/litigation/complaints/2012/comp22501.pdf


On September 28, 2012, the Securities and Exchange Commission charged Texas-based Sunrise Solar Corporation, its former CEO Eddie D. Austin, Jr. (Austin), and his wife Carolyn Austin for their involvement in a fraudulent market manipulation scheme.
http://www.sec.gov/litigation/litreleases/2012/lr22501.htm
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