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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
HOUSTON HTHOLDING GUILBEAU FRANCHISE INVESTORS COMMISSION SECURITIES NFL FOOTBALL TEAM HOUSTON TEXANS NFL FOOTBALL TEAM HOLDING TEXAS COMPLAINT FAILING DISCLOSE CIVIL STOCK OFFERING SCHEME TEMPORARY RESTRAINING ORDER ASSETS AFFILIATION EXECUTION SEARCH WARRANT RESIDENCE WEBSITE LEGITIMATE BUSINESS ASSISTANCE PROVISIONS |
SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16690 / September 6, 2000
SECURITIES AND EXCHANGE COMMISSION v. HOUSTON TEXANS NFL FOOTBALL TEAM
HOLDING CO. AND EDGAR A. GUILBEAU, Civil Action No. H-00-3072
Federal Regulators and Criminal Authorities Coordinate Actions to Halt
Illegal Internet Stock Offering Scheme
On September 6, 2000, Judge John Rainey granted the Commission's
Application for Temporary Restraining Order and Other Equitable Relief
against the Houston Texans NFL Football Team Holding Co. ("HTHolding
Co.") and Edgar A. Guilbeau ("Guilbeau"), and entered orders freezing
their assets. HTHolding Co. and Guilbeau had falsely claimed that they
were affiliated with the National Football League ("NFL") and the
Houston NFL football franchise, and had sought to solicit investments
in the franchise. Simultaneously with the filing of the Commission's
action, the Houston office of the Federal Bureau of Investigation
("FBI") executed a search warrant on Guilbeau's residence.
Guilbeau, age 50, resides at 6421 Kelly Dr., Pearland, Texas. Guilbeau
is the president and director of HTHolding Co.
The complaint alleges that Guilbeau and HTHolding Co. schemed to
defraud investors in the offer of stock, by among other things
Designing the website www.houstontexans-nfl.com to mislead investors
into believing that they were purchasing an interest in the
recently-formed Houston NFL football franchise;
Using the name, "Houston Texans NFL Football Team Holding Company" and
using the NFL Shield and other NFL trademarks on the website to create
the impression that the purported team was an NFL-sanctioned
franchise;
Creating the illusion that HTHolding Co. was a prosperous entity
conducting legitimate business affairs by advising potential investors
that its business address was 5300 N. Braeswood, Suite 282, Houston,
Texas, when in reality this is merely a mail drop box and 282 is
simply the number of the box;
Failing to disclose that HTHolding Co. has no affiliation with the NFL
or the legitimate Houston NFL franchise;
Failing to disclose that HTHolding Co. does not own an NFL football
franchise; and
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