SEC v EDWARD CHERAMY RELEASE NOS. 34-43327


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Keywords & Phrases

CaseNo: 34-43327, Defendant: Edward Cheramy Release Nos. 34-43327, Plaintiff: SEC, UniqueCaseRef: SEC>34-43327, Cheramy, Commission, Exchange Act, Proceeding, Securities, Idb, United States, Administrative Proceeding, Edward Cheramy, Instituting, Pursuant, Practice, Idb Communications Group, California, District, Complaint, Inflate, Earnings, Accountant, Making Findings, Remedial Sanction, Entry, Judgement, Permanent, Relief, Relevant Period, Denying, Injunction, Cheramy Consents , ContentID: 120244238

Case Documents

2000-09-22

SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below ] ItemID: 110972

3 pages
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Total Documents: 1 document , 3 pages

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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS

COMMISSION
EXCHANGE ACT
PROCEEDING
SECURITIES
IDB
UNITED STATES
ADMINISTRATIVE PROCEEDING
EDWARD CHERAMY
INSTITUTING
PURSUANT
PRACTICE
IDB COMMUNICATIONS GROUP
CALIFORNIA
DISTRICT
COMPLAINT
INFLATE
EARNINGS
ACCOUNTANT
MAKING FINDINGS
REMEDIAL SANCTION
ENTRY
JUDGEMENT
PERMANENT
RELIEF
RELEVANT PERIOD
DENYING
INJUNCTION
CHERAMY CONSENTS
MEMBER

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No.43327 / September 22, 2000

   ACCOUNTING AND AUDITING ENFORCEMENT
   Release No. 1307 / September 22, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10297
   In the Matter of

   EDWARD CHERAMY,

   Respondent.
   ORDER INSTITUTING PUBLIC
   ADMINISTRATIVE PROCEEDING
   PURSUANT TO RULE 102(e)
   OF THE COMMISSION'S RULES
   OF PRACTICE, MAKING FINDINGS
   AND IMPOSING REMEDIAL SANCTION

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate that a public administrative proceeding be instituted
   against Edward Cheramy ("Cheramy") pursuant to Rule 102(e)/ of the
   Commission's Rules of Practice.

   Accordingly, IT IS HEREBY ORDERED that said proceeding be, and hereby
   is, instituted.

   II.

   In anticipation of the institution of this public administrative
   proceeding, Cheramy has submitted an Offer of Settlement ("Offer"),
   which the Commission has determined to accept. Solely for the purpose
   of this proceeding and any other proceedings brought by or on behalf
   of the Commission or in which the Commission is a party, and without
   admitting or denying the findings contained in this Order, except that
   Cheramy admits the jurisdiction of the Commission over him and over
   the subject matter of this proceeding and the entry of a Final
   Judgment of Permanent Injunction and Other Relief against him as set
   forth in paragraph III.E., Cheramy consents to the entry of this Order
   Instituting Public Administrative Proceeding Pursuant to Rule 102(e)
   of the Commission's Rules of Practice, Making Findings and Imposing

SNIPPETS:

SECURITIES AND EXCHANGE COMMISSION

ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDING

The Securities and Exchange Commission deems it appropriate that a public administrative

Solely for the purpose of this proceeding and any other proceedings brought by or on behalf his Order Instituting Public Administrative Proceeding Pursuant to Rule 102of the Commission's

Cheramy, age 56, was the President of IDB Communications Group, Inc., a member of its Board

Cheramy ceased to be employed by IDB Communications Group, Inc. as of December 30, 1994.

Cheramy was licensed as a certified public accountant by the State of California from 1974 to

IDB Communications Group, Inc. is a telecommunications company that during the relevant

Until IDB was acquired in 1995, its common stock was registered with the Commission under

On September 30, 1997, the Commission filed a Complaint in the United States District Court

Cheramy consented to the entry of the Judgment without admitting or denying any of the

Therefore, IT IS HEREBY ORDERED, effective immediately, that Cheramy is denied the privilege


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