Pharm Control Ltd. (fka PMCL)

[PhillyPA65]

Alena Dubinsky of Ontario Named as a Relief Defendant

U.S. Securities and Exchange Commission

Litigation Release No. 22516 / October 19, 2012

SEC v. Irwin Boock, et al., Civil Action No. 09 CV 8261 (S.D.N.Y) (DLC)

On October 17, 2012, the United States Securities and Exchange Commission filed an amended complaint naming Alena Dubinsky as a relief defendant in its pending civil injunctive action before the United States District Court for the Southern District of New York. The action stems from the hijacking of defunct or inactive publicly-traded companies and the unregistered offer and sale of securities. The amended complaint alleges that Dubinsky, a resident of Ontario, Canada, opened bank and brokerage accounts in Toronto at the behest of certain defendants through which were effected unregistered sales of securities and the deposit of at least $1 million in illicit proceeds. The Commission is seeking disgorgement.

The Commission acknowledges the assistance and cooperation of the Ontario Securities Commission.

Source: http://www.sec.gov/litigation/litreleases/2012/lr22516.htm

For further information, please see Litigation Release Nos. 21243 (October 8, 2009) and 22499 (September 28, 2012).

http://www.sec.gov/litigation/litreleases/2009/lr21243.htm