 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
SECURITIES EXCHANGE COMMISSION RESOURCES DEFENDANTS WESTSTAR EXPLORATION SETTLEMENT JAMIE COURT RECEIVER DISTRICT MARK INVESTORS LAWS COMPLAINT LAZAR FREDERICK ALEXANDER KAHAN JOHN JUDD BETTY DEFRAUDED INVESTORS OIL GAS LIMITED PARTNERSHIPS ASSERT VIOLATION FEDERAL SECURITIES LAWS SISTER RECEIVED PROCEEDS FRAUD |
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15713 / April 21, 1998
SECURITIES AND EXCHANGE COMMISSION v. KS RESOURCES, ET AL.
Civil Action No. 95-8608 WDK (AJWx) (C.D. Cal.)
The Securities and Exchange Commission ("Commission")
announced that on April 3, 1998, it completed a settlement with
Jamie B. Seigel. As part of the settlement, Mrs. Seigel paid
$458,960.88 to the court appointed receiver for defendants KS
Resources, Weststar Exploration, Inc., and affiliated entities.
The Honorable William D. Keller, United States District Court
Judge for the Central District of California, dismissed the
Commission's action against Mrs. Seigel at the request of the
parties.
The Commission alleged in a 1995 complaint that KS
Resources, Weststar Exploration, Lazar Frederick & Company, Mark
D. Seigel, Alexander L. Kahan, John K. Judd, Jr. and Betty A.
Rubin sold unregistered securities and defrauded investors in 29
oil and gas limited partnerships from May 1993 through December
1995. These defendants raised approximately $34,934,000 from at
least 2,000 investors. The Commission did not assert any
violation of the federal securities laws by Jamie B. Seigel, a
sister in law of Mark D. Seigel, but alleged that she received
proceeds of the fraud from defendants KS Resources and Weststar
Exploration.
SNIPPETS:
|
|
|
| | | |
|
|
