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SEC v GEORGE E. MAHFOUZ, JR Click to find out why . . .



Keywords & Phrases
CaseNo: 34-43300, Defendant: George E. Mahfouz, Jr., Plaintiff: SEC, State: FL Florida, UniqueCaseRef: SEC>34-43300, Canceroption, Mahfouz, Stock, Reports, Internet, Analyst, Exchange Act, Commission, Projections, Securities, Respondent, Revenue, Price, Internet Sales, Pursuant, Penny Stock, Website, Thor Equity, Administrative Proceedings, Instituting, Basis, Findings, Purchase, Facts, Internet Touters, Scottsdale, Arizona, Thereunder, Investor , ContentID: 120244251

Case Documents
1 2000-09-18 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 110985
4 pages
HTML
Total Documents: 1 document , 4 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
MAHFOUZ
STOCK
REPORTS
INTERNET
ANALYST
EXCHANGE ACT
COMMISSION
PROJECTIONS
SECURITIES
RESPONDENT
REVENUE
PRICE
INTERNET SALES
PURSUANT
PENNY STOCK
WEBSITE
THOR EQUITY
ADMINISTRATIVE PROCEEDINGS
INSTITUTING
BASIS
BUSINESS
FINDINGS
PURCHASE
FACTS
INTERNET TOUTERS
SCOTTSDALE
ARIZONA
THEREUNDER
INVESTOR
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

   SECURITIES EXCHANGE ACT OF 1934
   Release No. 43300 / September 18, 2000

   ADMINISTRATIVE PROCEEDING
   File No. 3-10287
   In the Matter of

   George E. Mahfouz, Jr.

   Respondent.
   ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO
   SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS,
   AND IMPOSING PENNY STOCK BAR

   I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate and in the public interest that public administrative
   proceedings be instituted against George E. Mahfouz, Jr. (the
   "Respondent") pursuant to Section 15(b) of the Securities Exchange Act
   of 1934 ("Exchange Act").

   In anticipation of the institution of these administrative
   proceedings, Respondent has submitted an Offer of Settlement
   ("Offer"), which the Commission has determined to accept. Solely for
   the purpose of these proceedings 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 herein, except that he
   admits the jurisdiction of the Commission over him and over the
   matters set forth herein, Respondent consents to the entry of this
   Order Instituting Public Administrative Proceedings Pursuant to
   Section 15(b) of the Securities Exchange Act of 1934, Making Findings,
   and Imposing Penny Stock Bar (the "Order") by the Commission.

   Accordingly, IT IS ORDERED that proceedings pursuant to Section 15(b)
   of the Exchange Act be, and hereby are, instituted.

   II.

   On the basis of this Order and the Offer submitted by Respondent, the
   Commission finds that

   1. CancerOption.com, Inc. ("CancerOption") is a Florida corporation
   with operations in Scottsdale, Arizona, and Vancouver, British
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • ORDER INSTITUTING PUBLIC ADMINISTRATIVE PROCEEDINGS PURSUANT TO
  • SECTION 15OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS,
  • The Securities and Exchange Commission deems it appropriate and in the public interest that
  • (the "Respondent")
  • Solely for the purpose of these proceedings and any other proceedings brought by or on behalf g Penny Stock Bar by the Commission.
  • CancerOption operates an Internet website focusing on alternative treatments for cancer and
  • Thor Equity, is an Arizona company, with its principal place of business in Scottsdale.
  • Thor Equity served as CancerOption's public relations and investor relations firm from
  • In May and June 1999, Mahfouz arranged for two analysts to draft research reports regarding
  • the analysts issued highly favorable research reports recommending the purchase of
  • One report projected CancerOption would earn revenues based on Internet sales alone of $5
  • Mahfouz knew of this information but failed to disclose these adverse facts which seriously
  • Mahfouz hired Internet newsletter operators ("Internet touters") referring them to the
  • Mahfouz drafted and issued an August 6, 1999 press release falsely characterizing one of the
  • Section 10of the Exchange Act and Rule 10b-5 thereunder, prohibit persons from, directly or ding; or engaging in any transaction, practice, or course of business which operates or would
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