 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
ANDERSON DISTRICT EXCHANGE LITIGATION DISTRICT COURT COLORADO LAS VEGAS MINT GAMING TOKENS STOCK VIOLATIONS ACT PAY DISGORGEMENT PREJUDGMENT PLEA GUILTY SECURITIES FRAUD PRISON TERM THEREUNDER ADMITTING DENYING FUTURE VIOLATIONS ANTIFRAUD PROVISIONS FEDERAL SECURITIES LAWS AMOUNT PLUS PREJUDGMENT PAYMENT NOS |
SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 17138 / September 19, 2001
United States District Court for the District of Colorado, Civil
Action No. 92-M-1905 (D. Colo. February 18, 2000)
On February 18, 2000, an order of permanent injunction was entered
against Dana L. Anderson of Las Vegas, Nevada by Chief Judge Richard
P. Matsch of the U.S. District Court for the District of Colorado. The
Commission's 1992 complaint alleged that Anderson engaged in
fraudulent conduct involving the securities of a now-defunct
corporation, U.S. Mint, Inc. U.S. Mint was in the business of
manufacturing gaming tokens for Las Vegas area casinos and destroying
used gaming tokens to recover the precious metals. Anderson was
charged with, among other things, paying $80,715 in bribes to
registered representatives to solicit their involvement in the sale of
this microcap stock and with distributing unregistered shares of the
stock. In 1997, Anderson was convicted, on his plea of guilty, of one
count of securities fraud and was sentenced to a 26-month prison term
and fined $50,000.
The complaint alleged that Anderson's conduct violated Sections 5(a),
5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the
Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Anderson
consented to the order without admitting or denying the allegations
contained in the complaint. Anderson was enjoined from future
violations of the registration and antifraud provisions of the federal
securities laws, and ordered to pay disgorgement in the amount of
$317,839, plus prejudgment interest. Payment of disgorgement and
prejudgment interest was waived based upon Anderson's demonstrated
inability to pay.
For additional information, see Litigation Release Nos. 13406 (October
8, 1992), 13536 (February 25, 1993), 14550 (June 28, 1995) and
(November 10, 1999).
_________________________________________________________________
Modified 09/20/2001
SNIPPETS:
|
|
|
| | | |
|
|
