SEC v DC&Z, LLC, NUNZIO DESANTIS, JOSEPH ZAPPALA, et al


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Keywords & Phrases

CaseNo: LR-17229, CourtName: COURT IN CHICAGO SEEKING AN ORDER REQUIRING COMPLIANCE WITH SUBPOENAS, Defendant: DC&Z, LLC, Nunzio Desantis, Joseph Zappala, Richard Cook, Francisco Urrea and Greg Carabajal, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-17229, Commission, Subpoenas, Respondents, Securities, Exchange Commission, Nunzio Desantis, Joseph Zappala, Richard Cook, Francisco Urrea, Mexico, Resident, Llc, Motion, Quash, Civil Action, Ill, Federal District Court, Chicago Seeking, Order Requiring Compliance, Florida Limited Liability, Limited Liability Company, Albuquerque, York, Testimony Relating, Investment Activities, Valid Justification, Failure , ContentID: 120246915

Case Documents

2001-11-13

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 117065

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

SUBPOENAS
RESPONDENTS
SECURITIES
EXCHANGE COMMISSION
NUNZIO DESANTIS
JOSEPH ZAPPALA
RICHARD COOK
FRANCISCO URREA
MEXICO
RESIDENT
LLC
COURT
MOTION
QUASH
CIVIL ACTION
ILL
FEDERAL DISTRICT COURT
CHICAGO SEEKING
ORDER REQUIRING COMPLIANCE
FLORIDA LIMITED LIABILITY
LIMITED LIABILITY COMPANY
BUSINESS
ALBUQUERQUE
MEMBERS
YORK
TESTIMONY RELATING
INVESTMENT ACTIVITIES
VALID JUSTIFICATION
FAILURE

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

LITIGATION RELEASE NO. 17229 / November 13, 2001

   SECURITIES AND EXCHANGE COMMISSION v. DC&Z, LLC, NUNZIO DESANTIS,
   JOSEPH ZAPPALA, RICHARD COOK, FRANCISCO URREA AND GREG CARABAJAL,
   Civil Action No. 01 C 6574 (N.D. Ill.)

   The Securities and Exchange Commission (Commission) today announced
   that on August 23, 2001, it filed an application in federal district
   court in Chicago seeking an order requiring compliance with subpoenas
   issued by the Commission to DC&Z, LLC (DC&Z), Nunzio DeSantis, Joseph
   Zappala, Richard Cook, Francisco Urrea, and Greg Carabajal (the
   Respondents). DC&Z is a Florida limited liability company with its
   principal place of business in Albuquerque, New Mexico. DC&Z's members
   are DeSantis, Cook and Urrea, residents of New Mexico, and Zappala, a
   resident of New York. Carabajal, a resident of New Mexico, is also
   associated with DC&Z. The subpoenas sought documents and testimony
   relating to their investment activities.

   The Respondents failed to comply with the subpoenas issued by the
   Commission and the Commission, in its application, argued that the
   Respondents had no valid justification for their failure to comply. On
   or around August 30, 2001, Respondents filed a Motion to Quash the
   subpoenas. On September 12, 2001, the Court denied the Respondent's
   Motion to Quash and granted all of the relief requested by the
   Commission.
     _________________________________________________________________

Modified 11/13/2001

SNIPPETS:

U.S. SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION v. DC&Z, LLC, NUNZIO DESANTIS,

Civil Action No. 01 C 6574 (N.D.

Ill.)

The Securities and Exchange Commission today announced that on August 23, 2001, it filed an

DC&Z is a Florida limited liability company with its principal place of business in

DC&Z's members are DeSantis, Cook and Urrea, residents of New Mexico, and Zappala, a resident

The subpoenas sought documents and testimony relating to their investment activities.

The Respondents failed to comply with the subpoenas issued by the Commission and the

On September 12, 2001, the Court denied the Respondent's Motion to Quash and granted all of


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