Replies to post #39929 on DD Support Board and Research Team

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b. Unindicted Co-Conspirator 2 resided in Melville, New York. Unindicted Co-Conspirator 2 was a hedge fund manager who controlled Emerald Asset Advisors, LLC ("Emerald"), a hedge fund with offices in Cold Spring Harbor, New York.

http://www.sec.gov/litigation/litreleases/2009/lr21197.htm


U.S. Securities and Exchange Commission
Litigation Release No. 21197 / September 3, 2009
SEC v. Doyle Scott Elliott, Scott Elliott, Inc., Michael Xirinachs, Emerald Asset Advisors LLC, Robert Weidenbaum, and CLX & Associates, Inc., Civil Action No. 09-Civ-07594 (S.D.N.Y.).
SIX NAMED FOR UNREGISTERED DISTRIBUTION OF 21 BILLION SHARES
On September 1, 2009, the United States Securities and Exchange Commission filed a civil complaint against three individuals and three entities alleging that between February 2004 and June 2007, they engaged in an unregistered distribution and sale of over 21 billion shares of Universal Express Inc. (USXP) formerly located in New York City, New York. The defendants raised approximately $34 million from their sales to public investors. The defendants did not file registration statements containing accurate information about the company and their transactions, which are required by the federal securities laws. The defendants are Doyle Scott Elliott of Holmes Beach, Florida, Scott Elliott Inc. of Bradenton Beach, Florida, Robert Weidenbaum of Coral Gables, Florida, CLX Associates, Inc. of Miami, Florida, and Michael Xirinachs and Emerald Asset Advisors LLC of Melville and Dix Hills, New York respectively.