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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
SECURITIES STOCK PROMOTER COMMISSION JENKINS COMPLAINT DISTRICT EXCHANGE COMMISSION PUBLICATIONS FLORIDA SCHEME ALLEGES PATRICK HOWARD SCOTT BEATTY DAVID CHARGES BROKERS COURT MIDDLE DISTRICT PAID BROCHURES ACT DISGORGE PROFITS PREJUDGMENT PAY PENALTY PENDING |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Litigation Release No. 15792 / June 29, 1998
Securities and Exchange Commission v. Atlantic Capital Corporation,
Wall
Street Marketing, Inc., Pullman Publications, Inc., Stephen DeCesare,
Mark
Missler, Patrick Kephart, Howard Jenkins, Scott Mijares, Robert Thomas
Beatty, Vincent St. Clair Beatty, Michael Cardascia, David Scott
Rossman,
Adrian Wilson, Timothy B. Daley, and David M. Connochie (M.D. Fla.) No.
96-
1043-CIV-ORL-19A
The Commission announced today that a stock promoter, previously
charged with paying kickbacks to brokers for selling certain securities
to
their clients, has settled the charges against him. On September 27,
1996,
the Commission filed a Complaint in U.S. District Court for the Middle
District of Florida alleging that a group of stock promoters engaged in
an
18-month fraudulent scheme in which they paid $477,580 in bribes to
seven
stockbrokers to induce them to retail securities to the public. The
Complaint further alleged that the stock promoters issued promotional
brochures concerning various public companies without disclosing that
they
were being paid by the companies to issue the brochures. The
Complaint
alleges that the promoters netted approximately $2.6 million from the
scheme.
The settling stock promoter is Howard C. Jenkins ("Jenkins"), age
45,
formerly of Ovida, Florida. Jenkins consented, without admitting or
denying the allegations in the Complaint, to the issuance of a Final
Judgment by Judge Patricia C. Fawsett of the United States District
Court
for the Middle District of Florida enjoining him from future violations
of
Sections 17(a) and 17(b) of the Securities Act of 1933 and Section
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