 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
SECURITIES EXCHANGE COMMISSION LITIGATION JUDGEMENT ENJOINS VIOLATION SALES COMPLAINT STELLA BELLA SOLD COMMON STOCK VLADISLAV STEVEN ZUBKIS UNITED STATES DISTRICT PERMANENT INTERNATIONAL BRANDS ACT INVESTORS MATERIALS REVENUES INBR SBAM SAN DIEGO CALIFORNIA SELLS WHOLESALE RETAIL GOURMET COFFEE DEFENDANTS CAPITAL CORPORATION MARK SCIALDONE |
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16099 / March 30, 1999
SECURITIES AND EXCHANGE COMMISSION v. VLADISLAV STEVEN
ZUBKIS., et al., 97 Civ. 8086 (JGK/KNF), U.S.D.C., S.D.N.Y.
The Securities and Exchange Commission ("Commission")
announced that Judge John G. Koeltl of the United States
District Court for the Southern District of New York entered
a final judgment granting a permanent injunction against
Stella Bella Corporation, U.S.A., now known as International
Brands, Inc. ("Stella Bella"), on March 26, 1999. The
judgment, to which Stella Bella consented, permanently
enjoins and restrains Stella Bella from violating certain
provisions of the federal securities laws. Stella Bella is
enjoined from committing fraud in connection with the
purchase or sale of securities in violation of Section 10(b)
of the Securities Exchange Act of 1934 and Rule 10b-5.
Stella Bella is also enjoined from selling unregistered
securities in violation of Sections 5(a) and 5(c) of the
Securities Act of 1933.
The Commission filed its complaint on November 5, 1997. The
Commission’s complaint alleged that from 1994 through at
least 1996 Stella Bella sold its common stock to over 1,100
investors throughout the United States. Stella Bella sold
its common stock to investors using materially false and
misleading information about its finances, projected sales
and revenues, and operations. For example, Stella Bella
issued press releases and promotional materials that
predicted substantial growth in Stella Bella’s sales,
revenues, and profits when no factual basis to support such
claims existed. Stella Bella also sold its common stock
when there was no registration statement in effect.
Stella Bella consented to the entry of the final judgment
without admitting or denying the allegations of the
complaint.
Stella Bella Corporation, U.S.A., now known as International
Brands, Inc., is a publicly traded corporation (National
Association of Securities Dealers Over-the-Counter Bulletin
Board: INBR; formerly traded as SBAM). Based in San Diego,
California, Stella Bella manufactures and sells at wholesale
SNIPPETS:
|
|
|
| | | |
|
|
