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SEC v FRANK P. ZITKEVITZ and CHARLES S. CHRISTOPHER Click to find out why . . .



Keywords & Phrases
CaseNo: LR-15119, CourtName: EQUITABLE RELIEF WERE ENTERED IN UNITED STATES DISTRICT COURT IN, Defendant: Frank P. Zitkevitz and Charles S. Christopher, Plaintiff: SEC, State: ND North Dakota, UniqueCaseRef: SEC>LR-15119, Securities, Zitkevitz, Christopher, Disgorgement, Commission, Judgments, Exchange Commission, Pay Disgorgement, Amount, United States, Dallas, Enviroment Holdings, Act, Bankruptcy Code, United States District, Frank, Charles, Manipulate, Market, Penny Stock, Ordered Christopher, Plus Prejudgment, Impose, Civil Money Penalty, Poor Financial Condition, Protection, Enforce, Accordance, Applicable Provisions , ContentID: 120242939

Case Documents
1 1996-10-11 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 106033
2 pages
TXT
Total Documents: 1 document , 2 pages
Price: $ 19.95


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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
ZITKEVITZ
CHRISTOPHER
DISGORGEMENT
COMMISSION
JUDGMENTS
EXCHANGE COMMISSION
COURT
PAY DISGORGEMENT
AMOUNT
UNITED STATES
DALLAS
ENVIROMENT HOLDINGS
ACT
BANKRUPTCY CODE
UNITED STATES DISTRICT
FRANK
CHARLES
MANIPULATE
MARKET
PENNY STOCK
ORDERED CHRISTOPHER
PLUS PREJUDGMENT
IMPOSE
CIVIL MONEY PENALTY
POOR FINANCIAL CONDITION
PROTECTION
ENFORCE
ACCORDANCE
APPLICABLE PROVISIONS
==========================================START OF PAGE 1======

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 15119 / October 11, 1996

SECURITIES AND EXCHANGE COMMISSION v. ENVIROMENT HOLDINGS, INC.,
et al., 3:95-CV-2192-H, USDC, ND/TX (Dallas Division)

     The Securities and Exchange Commission ("Commission")
announced that judgments of permanent injunction and other
equitable relief were entered in United States District Court in
Dallas, Texas, against Frank P. Zitkevitz ("Zitkevitz") and
Charles S. Christopher ("Christopher") on October 3, 1996 and
October 4, 1996, respectively. Zitkevitz and Christopher
consented to the entry of the judgments without admitting or
denying the allegations in the Commission's complaint that they
violated Sections 5(a), 5(c), and 17(a) of the Securities Act of
1933, and Sections 9(a) and 10(b) of the Securities Exchange Act
of 1934, and Rules 10b-5 and 10b-6 thereunder, in a scheme to
fraudulently promote, distribute, and manipulate the market for
the securities of EnvirOment Holdings, Inc., a "penny stock"
company based in Dallas.
     The Court also ordered Christopher to pay disgorgement in
the amount of $1,500,000, and Zitkevitz to pay disgorgement in
the amount of $237,711, plus prejudgment interest of $100,252.88.
Christopher's disgorgement amount was waived based on his
demonstrated financial inability to pay, and the Court did not
impose a civil money penalty based on his poor financial
condition. Zitkevitz filed for protection under Chapter 7 of the
United States Bankruptcy Code, and the Commission will seek to
enforce the disgorgement judgment in accordance with the
applicable provisions of the Bankruptcy Code.
==========================================START OF PAGE 2======


JUDGMENTS ENTERED AGAINST CHARLES S. CHRISTOPHER AND FRANK P.
ZITKEVITZ

     The Commission announced that judgments of permanent
     injunction and other equitable relief were entered in United
     States District Court in Dallas, Texas, against Frank P.
     Zitkevitz (Zitkevitz) and Charles S. Christopher
     (Christopher) on October 3, 1996 and October 4, 1996,
     respectively. Zitkevitz and Christopher consented to the
     entry of the judgments without admitting or denying the
     allegations in the Commission's complaint that they violated
     Sections 5(a), 5(c), and 17(a) of the Securities Act of
SNIPPETS:
  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • SECURITIES AND EXCHANGE COMMISSION v. ENVIROMENT HOLDINGS, INC., et al., 3:95-CV-2192-H,
  • The Securities and Exchange Commission announced that judgments of permanent injunction and
  • Zitkevitz and Christopher consented to the entry of the judgments without admitting or
  • The Court also ordered Christopher to pay disgorgement in the amount of $1,500,000, and
  • Christopher's disgorgement amount was waived based on his demonstrated financial inability to
  • Zitkevitz filed for protection under Chapter 7 of the United States Bankruptcy Code, and the
  • JUDGMENTS ENTERED AGAINST CHARLES S. CHRISTOPHER AND FRANK P. ZITKEVITZ
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