On February 16, 2016, the Securities and Exchange Commission charged PV Enterprises, Inc. ("PVEC") and Panagiotis Villiotis ("Villiotis") with violations of the registration and antifraud provisions of the federal securities laws. The Commission also charged Virtual Sourcing, Inc. ("Virtual"), Norman Birmingham ("Birmingham"), Mario Faraone ("Faraone") and Sweet Challenge LLC ("Sweet Challenge") with violations of the registration provisions of the federal securities laws.