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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
LASER PHOTONICS SECURITIES ANSELMO ACCOUNTING ENJOIN EXCHANGE COMMISSION FLORIDA CIVIL PENALTY SCHEME JUDGMENTS VIOLATIONS AUDITING ENFORCEMENT FUKUHARA DISTRICT PRESIDENT BOOKS SALES EXCHANGE ACT LITIGATION MARK OFFICER FRAUDULENT SCHEME PERMANENT RECORDS PROVISIONS FEDERAL SECURITIES LAWS SECURITIES LAWS PRACTICE REPORT REVENUES |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
LITIGATION RELEASE NO. 16078 / March 5, 1999
ACCOUNTING AND AUDITING ENFORCEMENT
RELEASE NO. 1115 / March 5, 1999
SECURITIES AND EXCHANGE COMMISSION v. MARK T. FUKUHARA,
ANDREW L. O’CONNELL, AND ROBERT J. ANSELMO, United States
District Court for the Middle District of Florida, Civil
Action No. 97-1191-CIV-ORL-18A.
LASER PHOTONICS' PRINCIPAL FINANCIAL OFFICER ENJOINED AND
BARRED; LASER PHOTONICS' VICE PRESIDENT ENJOINED AND
PENALIZED
The Securities and Exchange Commission announced today
that Andrew L. O'Connell of Orlando, Florida, the former
principal financial and accounting officer of Laser
Photonics, Inc., has been enjoined and barred from appearing
before the Commission for his role in the financial fraud
uncovered at Laser Photonics. The Commission also announced
that Robert J. Anselmo of Longwood, Florida, a former vice
president of Laser Photonics, has been enjoined and
penalized $17,500 for his role in the fraudulent scheme.
Laser Photonics is an Orlando based manufacturer of medical
and scientific lasers.
On February 26, 1999, Judge Kendall G. Sharp of the
United States District Court for the Middle District of
Florida, entered Final Judgments Of Permanent Injunction
against Anselmo and O’Connell in the lawsuit filed against
them by the Commission in 1997. The Final Judgments enjoin
O’Connell and Anselmo from future violations of the anti-
fraud and the books and records provisions of the federal
securities laws. The Final Judgment against Anselmo also
requires that he pay a civil penalty in the amount of
$17,500. No civil penalty was imposed against O’Connell
based upon his demonstrated financial inability to pay.
O’Connell and Anselmo consented to the Final Judgments
without admitting or denying the Commission’s allegations.
O'Connell, a certified public accountant licensed to
practice in Florida, also consented to the Commission's
issuance of an Order under Rule 102(e) of the Commission's
Rules of Practice which denies him the privilege of
practicing before the Commission as an accountant.
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