 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
LOVELL COSCIA CONTROL SINDLER TRISTE ACCOUNTS EXCHANGE ACT COMPLAINT WALE SHARES ADAMS UNITED STATES EXCHANGE COMMISSION LAS VEGAS STOCK PRICES GLAU NICHOLAS DISTRICT NEVADA CALIFORNIA ATTORNEY CONSENT FITZGERALD-TALMAN SOLD CHARGES SCHEME JAMES |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15391 / June 24, 1997
Securities and Exchange Commission v. Nicholas F. Coscia,
United States District Court, District of Nevada, Civil
Action No. CVS-97-0074-PMP (RLH)
The Commission announced that on June 18, 1997 Nicholas F.
Coscia
("Coscia") a California attorney, was permanently enjoined by consent
from
future violations of the antifraud provisions of the Securities Act of
1933
("Securities Act") and the Securities Exchange Act of 1934 ("Exchange
Act"). Coscia's consent was without admitting or denying the
allegations
in the Commission's complaint.
The Commission's complaint alleged that in May 1988 Carl E.
Lovell
("Lovell"), a Las Vegas Attorney, and Danna Wale ("Wale"),
incorporated
Triste Corporation ("Triste") in the State of Nevada and then conducted
a
controlled initial public offering and sale of Triste securities by
having
all of the shares purchased by a group of investors acting in concert
under
their instructions creating a "box job". Philip Sindler ("Sindler"),
a
southern California stock promoter, learned that Lovell could provide
him
with public shell corporations whose securities he could control. In
late
1988, Sindler and Coscia met with Lovell and Wale. At that meeting
Lovell
committed that he could provide one hundred percent of the
purportedly
publicly owned shares of Triste at a price of five cents per share.
According to the complaint, Lovell told Sindler and Coscia that
he
SNIPPETS:
|
|
|
| | | |
|
|
