Post by Sapphire Capital on Jun 11, 2014 1:15:24 GMT 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 23016 / June 10, 2014
Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla)
Court Enters Consent Final Judgment of Permanent Injunction Against Robert B. Cook
The Securities and Exchange Commission announced that on June 5, 2014, the Honorable William J. Zloch, United States District Court Judge for the Southern District of Florida entered an Amended Consent Final Judgment and Permanent Injunction as to Robert B. Cook. The Final Judgment enjoins Cook from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933 and bars him from participating in an offering of a penny stock. The Final Judgment also allows the Court to determine at a later date if it should impose a penalty against Cook and the amount of any such penalty. Cook consented to the entry of the Final Judgment without admitting or denying any of the allegations in the Commission's complaint.
The Commission's complaint, filed on March 19, 2013, alleged that from approximately January 2010 through at least May 2011, E-Monee.com, Inc., its president Estuardo Benavides, and Cook one of its directors, fraudulently offered shares in E-Monee, while claiming the company owned Mexican bonds purportedly worth billions of dollars, and that E-Monee's shares would substantially increase in value. The complaint alleged that the Mexican bonds were essentially worthless and there was no valid basis for the claims by Benavides and Cook that E-Monee's stock price would increase significantly.
Litigation Release No. 23016 / June 10, 2014
Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla)
Court Enters Consent Final Judgment of Permanent Injunction Against Robert B. Cook
The Securities and Exchange Commission announced that on June 5, 2014, the Honorable William J. Zloch, United States District Court Judge for the Southern District of Florida entered an Amended Consent Final Judgment and Permanent Injunction as to Robert B. Cook. The Final Judgment enjoins Cook from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933 and bars him from participating in an offering of a penny stock. The Final Judgment also allows the Court to determine at a later date if it should impose a penalty against Cook and the amount of any such penalty. Cook consented to the entry of the Final Judgment without admitting or denying any of the allegations in the Commission's complaint.
The Commission's complaint, filed on March 19, 2013, alleged that from approximately January 2010 through at least May 2011, E-Monee.com, Inc., its president Estuardo Benavides, and Cook one of its directors, fraudulently offered shares in E-Monee, while claiming the company owned Mexican bonds purportedly worth billions of dollars, and that E-Monee's shares would substantially increase in value. The complaint alleged that the Mexican bonds were essentially worthless and there was no valid basis for the claims by Benavides and Cook that E-Monee's stock price would increase significantly.
