Replies to post #281169 on Bebida Beverage Company (BBDA)

[tdbowieknife]

Who knows what the Judge will decide? I'm thinking he will likely make the company jointly liable. The company didn't even bother to answer the complaint or provide any sort of defense.

CONSENT JUDGMENT, ORDERED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. ORDERED, Defendant is liable for disgorgement of $208,000.00 representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $23,436.56, for a total of $231,436.56. Defendant's liability for disgorgement and prejudgment interest will be joint and several with Defendant Bebida Beverage Co., should Bebida also be ordered to pay disgorgement and prejudgment interest thereon. Defendant is also liable for a civil penalty in the amount of $160,000.00 pursuant to Section 20(d) of the Securities Act. Defendant shall satisfy this obligation by paying $391,436.56 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. There being no just reason for delay, pursuant to Rule 54(b) of the Fed.R.Civ.Pr., the Clerk of this Court is directed to enter this Final Judgment and close this case. (See jgt. for details). Ordered by Chief Judge Dora Lizette Irizarry on 10/25/2018. Returned to chambers. (Layne, Monique) (Entered: 10/30/2018)

https://www.courtlistener.com/docket/7806915/11/securities-and-exchange-commission-v-weber/

.

Buyer Beware

Obvious pump and dump share selling scam



..