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SEC v BENJAMIN G. SPRECHER; BRENDA P. MURRAY, et al Click to find out why . . .



Keywords & Phrases
CaseNo: 86, Defendant: Benjamin G. Sprecher; Brenda P. Murray, Chief Administrative Law Judge File No. 3-8230, Plaintiff: SEC, UniqueCaseRef: SEC>86, Sprecher, Securities, Commission, Exchange Act, Proceeding, False Statements, United States, Pursuant, Conviction, Penny Stock, Administrative Proceeding, Conspiracy, Perjury, Benjamin, Unregistered Securities, Nav-air, Obstruction, Criminals, Enforcement, Allegations, Participating, Shestack, Securities Laws, Violations, Seidenfeld, Proposed Findings, Jurisdiction, Testimony, Kkp, Manipulate , ContentID: 120245696

Case Documents
1 1996-03-11 SEC ADMINISTRATIVE LAW JUDGE DECISION
[ see first page and extracted highlights below  ] ItemID: 112435
21 pages
TXT
Total Documents: 1 document , 21 pages
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1 . SEC ADMINISTRATIVE LAW JUDGE DECISION

EXTRACTED KEY WORDS
SECURITIES
COMMISSION
EXCHANGE ACT
PROCEEDING
FALSE STATEMENTS
UNITED STATES
PURSUANT
CONVICTION
PENNY STOCK
ADMINISTRATIVE PROCEEDING
CONSPIRACY
PERJURY
BENJAMIN
UNREGISTERED SECURITIES
NAV-AIR
OBSTRUCTION
CRIMINALS
ENFORCEMENT
ALLEGATIONS
PARTICIPATING
SHESTACK
SECURITIES LAWS
VIOLATIONS
SEIDENFELD
PROPOSED FINDINGS
JURISDICTION
TESTIMONY
KKP
MANIPULATE
==========================================START OF PAGE 1======

                    INITIAL DECISION RELEASE NO. 86

                    ADMINISTRATIVE PROCEEDING
                    FILE NO. 3-8230





                     UNITED STATES OF AMERICA
                            Before the
                SECURITIES AND EXCHANGE COMMISSION



_________________________

In the Matter of         )
                         )         INITIAL DECISION
BENJAMIN G. SPRECHER     )         March 11, 1996
                         )
_________________________










APPEARANCES:   Robert M. Fusfeld and Thomas D. Carter for the
               Division of Enforcement, Central Regional Office,
               Securities and Exchange Commission.

               Benjamin G. Sprecher, pro se.


BEFORE:        Brenda P. Murray, Chief Administrative Law Judge



     The Commission instituted this proceeding on November 19,

1993, pursuant to Sections 15(b) and 21B(e) of the Securities
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • Benjamin G. Sprecher, pro se.
  • The Commission instituted this proceeding on November 19,
  • pursuant to Sections 15and 21Bof the Securities
  • Exchange Act of 1934.
  • recited allegations concerning Benjamin G. Sprecher (Mr.
  • Sprecher) made by the Commission's Division of Enforcement
  • $50,000 based on his conviction on ten counts which included
  • crimes of conspiracy to sell unregistered securities,
  • dismiss the part of this proceeding seeking a penny stock bar.
  • with his Reply to the Division's Proposed Findings and Brief.
  • individual or his desire to present this type of testimony during
  • -- Mr. Sprecher has claimed that the Commission lacked jurisdiction in this proceeding
  • be collaterally attacked in an administrative proceeding.
  • unregistered securities in the market in violation of 15 U.S.C.
  • Counts 9 and 10 - Five specifications of perjury and obstruction
  • The clear intent of Sprecher's 1985 testimony was to create the false impression that he had
  • He deliberately engaged in fabrication and forgery in order to suppress the records that
  • was participating in a penny stock offering.
  • he egregiousness of the defendant's actions, the isolated or recurrent nature of the
  • defendant was convicted of knowingly and repeatedly violating the securities laws.
  • He remains capable of violating the securities laws, and his convictions for making false
  • Seidenfeld is persuasive that Mr. Sprecher can be expected to
  • Out of all the people I have met and I have met with criminals in jail.
  • a device whereby a small group of individuals controls virtually all of the stock of a
  •    |