UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15415 / July 16 , 1997
Accounting and Auditing Enforcement
Release No. 936 / July 16, 1997
SECURITIES AND EXCHANGE COMMISSION v. UNITED FIRE TECHNOLOGY, INC.,
BEVERLEE KAMERLING, WWBM CONSULTANTS, INC., JAMES GARTLAND, CHARLES
F.
JONES, MICHAEL J. HOOPER AND KENNETH R. STARNES, C97-1151R, U.S.D.C.,
W.D.Wa.
The Securities and Exchange Commission announced the filing of a
Complaint in the United States District Court for the Western District
of
Washington alleging numerous violations of the federal securities laws
by
Beverlee Kamerling ("Kamerling") and others in connection with their
efforts to sell more than $1 million in stock of United Fire
Technology,
Inc. ("UFT"), a company that claimed to possess the patents and
marketing
rights for fire-extinguishing and fire-retarding products known as
"Flamex
products." In September 1995, the Commission suspended trading in
the
common stock of UFT because of questions that had been raised regarding
the
accuracy of information UFT had disseminated to the public about the
company and its Flamex products, and UFT's common stock has not been
publicly traded since that time. Named as defendants were:
* UFT, a publicly traded corporation that was based in
Bellevue,
Washington from approximately July 1994 through December 1995.
* Kamerling, a/k/a Beverlee Claydon, approximately 53 years
old,
SNIPPETS:
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
The Securities and Exchange Commission announced the filing of a Complaint in the United
In September 1995, the Commission suspended trading in the common stock of UFT because of
* WWBM Consultants, Inc., a Delaware corporation that was
* James Gartland, age 51, a resident of Kirkland,
* Michael J. Hooper, age 45, a resident of the Spokane,
* Kenneth R. Starnes, age 30, a resident of Taylors,
From approximately July 1994 through December 1995, the defendants committed numerous
UFT conducted an unregistered distribution of common stock, and Kamerling, WWBM, and Jones
Specifically, Kamerling directed UFT to issue stock to entities and individuals that were her
Kamerling then kept proceeds from these sales for her personal use.
Jones facilitated much of this stock selling effort, and acted as an unregistered broker.
While these shares of UFT stock were being sold, UFT, Kamerling, Gartland, and Hooper made
Columbia's securities laws, controlled UFT's corporate affairs and its operations.
Starnes sold over 56,000 shares of UFT stock to his customers, and he did not reveal to
Act of 1933 and Section 10of the Securities Exchange
Kamerling, WWBM, Starnes and Jones, as well as an accounting from UFT, and an officer and
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