Action against Defendants, 13 individuals and 10 companies, for alleged unlawful sale of securities to retail investors.  According to the SEC, Defendants sold unregistered securities as part of a Ponzi scheme.  The SEC also alleges that one Defendant touted the securities without disclosing that he was paid to do so.  One Defendant has agreed to pay disgorgement of $2.29 million, prejudgment interest of $315,850, and a civil penalty of $100,000, and to industry and penny-stock bars.  Three Defendants have agreed to pay disgorgement, prejudgment interest, and penalties in amounts to be determined at a later date.

SEC Litigation Release 

SEC Press Release 

SEC Complaint (Davis, et al.) 

SEC Complaint (Goodman) 

SEC Complaint (New, et al.) 

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