Just for the record, I never meant to imply the SEC was making a case against Copper King as it exists now. But they were making a case against a specific corporate entity which used to be IBCD and is now CPRK. That's how the SEC even looks at it in their filing of the complaint:
This matter involves a fraud perpetrated by International Broadcasting Corporation, now known as Copper King Mining Corporation (“International Broadcasting”). As part of the fraud, International Broadcasting, through its former Chief Executive Officer (“CEO”) Daryn P. Fleming (“Fleming”), issued false press releases about its business operations.
But, the fraud was perpetrated by Daryn long before Copper King came to exist and that's why the case against the company formerly known as IBCD is settled and done with. Copper King is clean. Daryn, however, is in a mountain of poop.