SEC v GOING PLATINUM INC. and ALAN H. CATALAN


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Keywords & Phrases

CaseNo: LR-17234, Defendant: Going Platinum Inc. and Alan H. Catalan, Plaintiff: SEC, UniqueCaseRef: SEC>LR-17234, Platinum, Catalan, Securities, Subpoenas, Internet, Exchange Commission, Alan, Scheme, Enforce, Internet Fraud, Files Action, Documents Relating, Fraudulent Scheme, Sell Unregistered Securities, Ponzi, Pyramid Scheme, Respondents, Website, Exorbitant, Despite, Extensions, Avoid Internet, Pump, Dump, Stock Manipulation Schemes, Report Suspicious Activity , ContentID: 120246910

Case Documents

2001-11-15

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 117060

1 pages
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Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

CATALAN
SECURITIES
SUBPOENAS
INTERNET
EXCHANGE COMMISSION
ALAN
SCHEME
ENFORCE
INTERNET FRAUD
LITIGATION
FILES ACTION
DOCUMENTS RELATING
FRAUDULENT SCHEME
SELL UNREGISTERED SECURITIES
PONZI
PYRAMID SCHEME
MEMBERS
RESPONDENTS
WEBSITE
EXORBITANT
DESPITE
EXTENSIONS
AVOID INTERNET
PUMP
DUMP
STOCK MANIPULATION SCHEMES
REPORT SUSPICIOUS ACTIVITY

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17234 / November 15, 2001

   SECURITIES AND EXCHANGE COMMISSION v. GOING PLATINUM, INC. AND ALAN H.
   CATALAN, NO. 01-MC-222 (RK) (E.D. PA)

   SEC FILES ACTION TO ENFORCE SUBPOENAS AGAINST GOING PLATINUM, INC. AND
   ALAN H. CATALAN

   On November 14, 2001, the Commission filed an application to enforce
   two subpoenas that had been issued to Going Platinum, Inc. and Alan H.
   Catalan. The subpoenas, which were served on August 14, 2001, seek
   documents relating to the Commission's investigation into whether
   Going Platinum, Inc. and Catalan have engaged in a fraudulent scheme
   to sell unregistered securities over the Internet. The securities at
   issue appear to be part of a Ponzi or pyramid scheme, under which
   members of certain programs offered on Respondents' website,
   GoingPlatinum.com, are led to expect exorbitant returns on an initial
   investment of $25.

   Going Platinum, Inc. and Catalan refused to produce the subpoenaed
   documents, despite being given three extensions of time in which to do
   so.

   A hearing date on the Commission's application will be scheduled.

   For tips on how to avoid Internet "pump and dump" stock manipulation
   schemes, visit . For more information about Internet fraud, . To
   report suspicious activity involving possible Internet fraud, visit .
     _________________________________________________________________

Modified 11/16/2001

SNIPPETS:

Litigation Release No. 17234 / November 15,

SECURITIES AND EXCHANGE COMMISSION v. GOING PLATINUM,

AND ALAN H. CATALAN,

SEC FILES ACTION TO ENFORCE SUBPOENAS AGAINST GOING PLATINUM,

The subpoenas, which were served on August 14, 2001, seek documents relating to the

The securities at issue appear to be part of a Ponzi or pyramid scheme, under which members

Going Platinum, Inc. and Catalan refused to produce the subpoenaed documents, despite being

For tips on how to avoid Internet "pump and dump" stock manipulation schemes,

To report suspicious activity involving possible Internet fraud,


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