SEC v B.M.C. ENTERPRISES INC. et al


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Keywords & Phrases

CaseNo: LR-15400, CourtCode: DIS, CourtName: IT FILED A COMPLAINT IN UNITED STATES DISTRICT COURT IN LOS ANGELES, Defendant: B.M.C. Enterprises Inc. et al., Plaintiff: SEC, State: CA California, UniqueCaseRef: SEC>LR-15400, Investors, Securities, Complaint, Exchange, Commission, Touch Tone, Madison, Partnership, Alleges, Act, Michael, Consulting, Owners, Violation, Lopuszynski, Scott Courtney, Shoucair, Engelhardt, Report Securities Fraud, Sale, California, Offering, Purchase, Operating, Sold, Proceeds, Zero, Coupon Bond, Test-marketing , ContentID: 120242660

Case Documents

1997-07-02

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 105754

4 pages
TXT

Total Documents: 1 document , 4 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

SECURITIES
COMPLAINT
EXCHANGE
COMMISSION
TOUCH TONE
MADISON
PARTNERSHIP
ALLEGES
ACT
MICHAEL
CONSULTING
OWNERS
VIOLATION
LOPUSZYNSKI
SCOTT COURTNEY
SHOUCAIR
ENGELHARDT
REPORT SECURITIES FRAUD
SALE
CALIFORNIA
OFFERING
PURCHASE
OPERATING
SOLD
DEFENDANTS
PROCEEDS
ZERO
COUPON BOND
TEST-MARKETING







                       U.S. SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15400 / July 2, 1997

     SECURITIES AND EXCHANGE COMMISSION v. B.M.C. ENTERPRISES, INC., MICHAEL
E.
     LOPUSZYNSKI, C. SCOTT COURTNEY, MADISON CONSULTING GROUP, INC.,
JONATHAN
     SHOUCAIR, MICHAEL ENGELHARDT, JOSEPH WIDMER, LIVESTOCK FINANCIAL
SERVICES,
     INC., EUGENE EVANGELIST, KENT BOLLENBACH, BROOKSIDE MANAGEMENT, INC.,
     TIMOTHY GRAYSON, LION'S SHARE VENTURES, BRENT MORRIS, JAMES PEREZ,
ROBERT
     HAUG d/b/a WEST COAST INVESTMENTS, FRONTLINE CONSULTING, INC., MARC
LEVINE,
     AND IRA ITSKOWITZ, Civil Action No. 97-4811 ABC (JGx) (C.D. Cal.).

          The Securities and Exchange Commission announced that on July 2,
1997,
     it filed a Complaint in United States District Court in Los Angeles
     alleging fraud in the offer and sale of units in Touch Tone Partners
     ("Touch Tone"), a California partnership based in Canoga Park,
California.
     Touch Tone purportedly was going to establish and operate a 900
number
     dating service, and pay profits from this business to individual
investors.

          The Complaint alleges that B.M.C. Enterprises, Inc. ("B.M.C."),
the
     promoter and initial managing partner of Touch Tone, raised
approximately
     $3.9 million from investors nationwide through the sale of the Touch
Tone
     securities from August 1994 through January 1995.  Salespeople
operating
     from telemarketing sales rooms sold these securities to the public.
B.M.C.
     and the other Defendants told investors that 60% of the offering
proceeds
     would remain in the partnership to establish the business, and that a

SNIPPETS:

U.S. SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION v. B.M.C. ENTERPRISES, INC., MICHAEL

E. LOPUSZYNSKI, C. SCOTT COURTNEY, MADISON CONSULTING GROUP, INC., JONATHAN SHOUCAIR, MICHAEL

HAUG d/b/a WEST COAST INVESTMENTS, FRONTLINE CONSULTING, INC., MARC

it filed a Complaint in United States District Court in Los Angeles alleging fraud in the

Touch Tone purportedly was going to establish and operate a 900 number dating service, and

The Complaint alleges that B.M.C. Enterprises, Inc., the promoter and initial managing

Salespeople operating from telemarketing sales rooms sold these securities to the public.

B.M.C. and the other Defendants told investors that 60% of the offering proceeds would remain

The Complaint further alleges that salespeople at B.M.C. and Madison Consulting Group, Inc.

Scott Courtney, Madison, and its owners, Jonathan Shoucair and Michael

Engelhardt,

violation of Section 17of the Securities Act of 1933 and Section 10of the Securities Exchange

The SEC s Office of Investor Education and Assistance has information for investors with


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