SECURITIES AND EXCHANGE COMMISSION
Litigation Release 15466 / August 28, 1997
SEC v. Cihaco International, Inc., Hartmut Haussecker, Bartley Carson
Healy
and Tanya Llanes-Tarver, Civil Action No. 2:97CV-0669G (USDC UT).
The Commission announced that on August 27, 1997, it filed a
complaint
seeking preliminary and permanent injunctions against Cihaco
International,
Inc., a defunct California corporation, Hartmut Haussecker, currently
a
resident of Germany, Bartley Carson Healy of Corona Del Mar,
California,
and Tanya Llanes-Tarver of Los Angeles, California, alleging the
defendants
had violated Sections 5(a), 5(c) and 17(a) of the Securities Act and
Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The
complaint
also sought an immediate asset freeze against Haussecker, Cihaco and
two
entities controlled by Haussecker, Bancroft Properties, Ltd. and
Windsor-
Brentwood International Trust Company.
The complaint alleged that from January 1993 through January
1997
Cihaco, Haussecker, Healy and Llanes-Tarver raised at least $18
million
through the fraudulent sale of unregistered securities from over 500
investors in a number of states including Utah, Idaho, Oregon, Missouri
and
California. The securities involved were interests in investment pools
to
be managed by Haussecker, who was to invest in stocks, currencies and
other
financial instruments with projected returns of from 17% to 60% per
month.
It is alleged that instead of investing the funds, the vast majority
of
such funds were spent by Haussecker to support his lavish lifestyle,
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
SEC v. Cihaco International, Inc., Hartmut Haussecker, Bartley Carson Healy and Tanya
The Commission announced that on August 27, 1997, it filed a complaint seeking preliminary
resident of Germany, Bartley Carson Healy of Corona Del Mar, California, and Tanya
The complaint also sought an immediate asset freeze against Haussecker, Cihaco and two
Cihaco, Haussecker, Healy and Llanes-Tarver raised at least $18 million through the
It is alleged that instead of investing the funds, the vast majority of such funds were spent
It is also alleged that Haussecker used investor funds to purchase items such as automobiles
On August 27, 1997, the Honorable J. Thomas Greene, United States
District Judge for the District of Utah, issued an order freezing the assets of Haussecker,
Judge Greene also scheduled a court date of October 6, 1997, for a hearing on the
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