Former IC Punch Media, Inc. CEO is accused of breaking the SEC’s “Code of Ethics” By Rachel Ramos Published: Apr 25, 2013
Los Angeles, California, April 22, 2013 – IC Punch Media, Inc. (QTCQB: PNCH). Chairman and CEO of IC Punch Media, Inc., Joseph Collins today announced that on Monday April 22, 2013 the Board filed a complaint with the Securities Exchange Commission (SEC) alleging that former CEO, Steve Samblis failed to conduct himself in an honest and ethical manner. The complaint alleges that Steve Samblis knowingly filed misleading, false and inaccurate documents to the SEC as it relates to the company. The complaint also states documents filed by Samblis were not properly approved by the Board of Directors. Several attempts over the past few months were made by Mr. Collins requesting Mr. Samblis to release corporate documents and financial books to the Board and rectify the information, in an effort to protect the company’s stockholder’s; however, those attempts failed as Mr. Samblis refused to cooperate.