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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
DISTRICT PAYMENT COURT FUNDS INVESTORS ROBERT CONSOLIDATE MOTION WITHDRAW PURSUANT DISGORGEMENT DISBURSEMENT SECURITIES EXCHANGE COMMISSION LITIGATION EDWARD SNYDER CIVIL ACTION TEX NORTHERN DISTRICT APPROVING PROPOSED PLAN COLLECTING DIRECTED CARROLL PAY PAID PERMANENT INJUNCTION PAYMENTS TOTALING PRO RATA BASIS |
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17146 / September 20, 2001
S.E.C. v. Edward Snyder and Robert E. Carroll, Civil Action No.
98-CV-1215 (N.D. Tex.)
On July 13, 2001, the District Court for the Northern District of
Texas entered an Order to Consolidate Funds, Order Approving Proposed
Plan of Distribution and for Distribution of Funds to Investors and
Motion for Withdrawal of Order to Show Cause after collecting a
payment of $25,000 from Robert E. Carroll.
The payment was made pursuant to an Order dated May 12, 2000, that
directed Carroll to pay $25,000 as disgorgement and for disbursement
to the investors as initially ordered by the Court on February 5,
1999. This $25,000 payment was in addition to the$372,605.76 already
paid by Carroll as disgorgement pursuant to an Order of Permanent
Injunction and Other Relief entered on February 5, 1999. Upon receipt
of two payments totaling $25,000, the Court granted the Commission's
Motion to consolidate the funds for disbursement to the investors on a
pro rata basis and withdraw the Order to Show Cause against Carroll.
_________________________________________________________________
Modified 09/21/2001
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