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SEC v HAWA CORPORATION, et al.; WILLIAM J. TISHMAN, ET AL Click to find out why . . .



Keywords & Phrases
CaseNo: LR-17399, CourtName: COURT ENTERED ON FEBRUARY 20, 2002. THE FINAL JUDGMENT PERMANENTLY, Defendant: Hawa Corporation, et al.; William J. Tishman, et al., Plaintiff: SEC, State: IN Indiana, UniqueCaseRef: SEC>LR-17399, Duke, Sam Sara, Hawa, Judgement, Complaint, Act, Sam Sara Investments, Shava, Securities, Commission, Injunction, Exchange Act, Entry, Settles, Defendant Robert, Civil, Relief, Permanent, Mri, Tishman, Admitting, Denying, Hawacom, Sales, South America, Civil Money, Sworn, Representations, Marketing , ContentID: 120252338

Case Documents
1 2002-03-06 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 127366
2 pages
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Total Documents: 1 document , 2 pages
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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
SAM SARA
HAWA
JUDGEMENT
DEFENDANTS
COMPLAINT
ACT
SAM SARA INVESTMENTS
SHAVA
SECURITIES
COMMISSION
INJUNCTION
EXCHANGE ACT
ENTRY
SETTLES
DEFENDANT ROBERT
CIVIL
RELIEF
PERMANENT
MRI
TISHMAN
ADMITTING
DENYING
HAWACOM
SALES
SOUTH AMERICA
CIVIL MONEY
SWORN
REPRESENTATIONS
MARKETING
Litigation Release No.17399 / March 6, 2002

   SEC v. Hawa Corporation, et al Case No. 01-8220-CIV- Hurley (S.D.
   Fla.)(filed March 15, 2001)

   SEC v. William J. Tishman, et al. Case No. 01-6952-CIV-Dimitrouleas
   (S.D. Fla.) (filed June 5, 2001)

                 SEC SETTLES CASES AGAINST ROBERT E. DUKE,
              SAM SARA INVESTMENTS, INC. AND SHAVA CORPORATION

   The Securities and Exchange Commission (Commission) announced today
   that it settled the civil injunctive action against Defendant Robert
   E. Duke, and Relief Defendants Sam Sara Investments, Inc. (Sam Sara)
   and Shava Corporation (Shava), in the matter of . Duke, Sam Sara and
   Shava, without admitting or denying the allegations in the
   Commission's Complaint, consented to the entry of a Final Judgment of
   Permanent Injunction and Other Relief as to Defendant Robert E. Duke
   and Final Judgment of Disgorgement as to Relief Defendants Sam Sara
   Investments, Inc. and Shava Corporation (Final Judgment), which the
   Court entered on February 20, 2002. The Final Judgment permanently
   enjoins Duke from violating Sections 5(a), 5(c) and 17(a) of the
   Securities Act of 1933 (Securities Act), Section 10(b) and 15(a)(1) of
   the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5,
   thereunder. The Final Judgment also orders Duke, Sam Sara, and Shava
   to pay disgorgement in the amount of $274,295, but waives payment of
   all but $225,000 (to be paid to the Court appointed Receiver), and
   does not impose a civil money penalty, based on their sworn
   representations in their Statements of Financial Condition submitted
   to the Commission.

   According to the Commission's Complaint, from at least December 1999
   to March 2001, Hawa Corporation (Hawa), Hawa Communications, Inc.
   (HawaCom), and Hawa Med, Inc. (Hawa Med) raised approximately $6
   million from the sale of shares to investors throughout the U.S., most
   of whom are doctors. The Complaint also alleged that Duke, among
   others, represented to investors, orally, through marketing brochures,
   and in an Internet website, that Hawa, HawaCom, and Hawa Med had
   combined assets of $160 million attributable to the companies'
   acquisitions of three "well-established telecommunications and
   technology firms" based in South America. The Commission's Complaint
   further alleged that, in reality, neither Hawa, HawaCom, nor Hawa Med
   actually owned any interest in the South American companies. (SEC v.
   Hawa Corporation, et al., Case No. 01-8220-CIV- Hurley (S.D.
   Fla.)(filed March 15, 2001)).

   The Commission also settled the civil injunctive action against
   Defendants Duke and Sam Sara, in the matter of . Duke and Sam Sara
SNIPPETS:
  • SEC v. Hawa Corporation, et al Case No. 01-8220-CIV- Hurley (S.D.
  • SEC v. William J. Tishman,
  • SEC SETTLES CASES AGAINST ROBERT E. DUKE,
  • The Securities and Exchange Commission announced today that it settled the civil injunctive
  • Duke, Sam Sara and Shava, without admitting or denying the allegations in the Commission's
  • The Final Judgment permanently enjoins Duke from violating Sections 5, 5and 17of the
  • The Final Judgment also orders Duke, Sam Sara, and Shava to pay disgorgement in the amount of
  • According to the Commission's Complaint, from at least December 1999 to March 2001, Hawa
  • The Complaint also alleged that Duke, among others, represented to investors, orally, through
  • The Final Judgment further orders that no civil money is being imposed based upon the
  • In the Tishman Complaint, the SEC alleged that, between 1996 and mid-1999, Medical Research
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