and as you continue that thought process, please remember that many of the initial rule 504 investors for LBWR when Stocker was the Securities Counsel for LBWR were also charged with fraud by the SEC. In fact, he was found to have lied about his non-ownership of LBWR stock in formal legal documents filed with pinksheets.com, since some of his straw companies were also part of the investor group that invested in the LBWR private placements.
13. According to the SEC Litigation Release, Curtis-Case, Inc., an LBWR Rule 504 purchaser mentioned in paragraph 5 above and a defendant in the SEC Securities Fraud case is controlled by LBWR Securities Counsel David B. Stocker. As discussed in the paragraph 3 above, the LBWR form 15c2-11 had specifically stated that Mr. Stocker "does not own any shares of the issuer", which seems to contradict the information stated in the SEC Litigation Release discussed above.
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Posted by: joev2 Date: Sunday, January 25, 2009 7:14:09 PM In reply to: the_worm06 who wrote msg# 1024 Post # of 1039
Yeah, but the real question about Stocker should be did he do ONLY legal and good stuff for Lbwr. It is possible, (to be clear, I didn't say probable) ya know. Remember: innocent until proven guilty.....
The S.E.C. did file a civil suit against him last summer. That suit has been held up by the Justice Department, an indication that it is at least thinking of bringing criminal charges.
Mr. Stocker's lawyer, Don Christie, tells me that Mr. Stocker has voluntarily stopped practicing securities law, and that he tried to make restitution in the stolen company cases "after he realized there might be a problem."
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