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SEC v MARK E. RICE D/B/A PRIMEX CAPITAL Click to find out why . . .



Keywords & Phrases
CaseNo: LR-17414, Defendant: Mark E. Rice d/b/a Primex Capital, Plaintiff: SEC, State: TX Texas, UniqueCaseRef: SEC>LR-17414, Rice, Securities, Exchange, Complaint, Stock, Act, Exchange Commission, Rice D/b/a Primex, Complaint Alleges, Schemes, Manipulate, Internet, Mark, Trading, Relief Defendants, Applegate Sentry, Sell Restricted Stock, Inflated Market, Total Profits, Order Enjoins Rice, Future Violations, Thereunder, Regulation, Disgorgement, Civil Penalties, Pending, Avoid Internet, Pump-and-dump, Internet Fraud , ContentID: 120252323

Case Documents
1 2002-03-12 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 127351
1 pages
HTML
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
SECURITIES
EXCHANGE
COMPLAINT
STOCK
DEFENDANTS
ACT
EXCHANGE COMMISSION
RICE D/B/A PRIMEX
COMPLAINT ALLEGES
SCHEMES
MANIPULATE
INTERNET
MARK
TRADING
RELIEF DEFENDANTS
APPLEGATE SENTRY
SELL RESTRICTED STOCK
INFLATED MARKET
TOTAL PROFITS
ORDER ENJOINS RICE
FUTURE VIOLATIONS
THEREUNDER
REGULATION
DISGORGEMENT
CIVIL PENALTIES
PENDING
AVOID INTERNET
PUMP-AND-DUMP
INTERNET FRAUD
UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 17414 / March 14, 2002

   SECURITIES AND EXCHANGE COMMISSION v. MARK E. RICE D/B/A PRIMEX
   CAPITAL, Civ. No. H 02CV00636 (USDC S.D. Texas)

   The Commission announced today that on March 5, 2002, U.S. District
   Judge Vanessa Gilmore entered an injunction by consent against Mark E.
   Rice d/b/a Primex Capital ("Rice"). The Commission's complaint alleges
   that between September 1999 and July 2000, Rice carried out "pump and
   dump" schemes to manipulate the stock of four microcap companies,
   including defendant Status Wines of Tuscany f/k/a Portalzone.com, Inc.
   ("Portalzone"). The complaint further alleges that Rice issued
   unsolicited fraudulent "spam" e-mail messages, press releases and
   other promotional materials about the four companies and engaged in
   manipulative trading in the stock of two of those companies. According
   to the Commission's complaint, the false statements concerned, among
   other things, Portalzone's product (purportedly an advanced Internet
   search engine), its revenue sources and business relationships with
   third parties, as well as Rice's stock-picking track record and
   trading intentions. Moreover, the Commission's complaint alleges that
   the schemes enabled Rice, and his alter ego entities, relief
   defendants Primex (USA), Inc. ("Primex") and Applegate Sentry, S.A.
   ("Applegate"), to sell restricted stock of three of the four companies
   into the resulting inflated market for total profits of approximately
   $900,367.

   The Court's order enjoins Rice from future violations of Sections
   5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act"),
   Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act")
   and Rule 10b-5 thereunder, and Regulation M, Rule 101. The
   Commission's claims for disgorgement and civil penalties against the
   defendants and relief defendants are pending.

   For tips on how to avoid Internet "pump-and-dump" stock manipulation
   schemes, visit . For more information about Internet fraud, visit
     _________________________________________________________________

Modified 03/14/2002
SNIPPETS:
  • UNITED STATES SECURITIES AND EXCHANGE COMMISSION
  • SECURITIES AND EXCHANGE COMMISSION v. MARK E. RICE D/B/A PRIMEX CAPITAL,
  • The Commission announced today that on March 5, 2002, U.S. District Judge Vanessa Gilmore
  • The Commission's complaint alleges that between September 1999 and July 2000, Rice carried
  • The complaint further alleges that Rice issued unsolicited fraudulent "spam" e-mail messages,
  • According to the Commission's complaint, the false statements concerned, among other things,
  • Moreover, the Commission's complaint alleges that the schemes enabled Rice, and his alter ego
  • The Court's order enjoins Rice from future violations of Sections 5, 5and 17of the Securities
  • The Commission's claims for disgorgement and civil penalties against the defendants and
  • For tips on how to avoid Internet "pump-and-dump" stock manipulation schemes,
  • For more information about Internet fraud,
  •    |