U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17606 / July 11, 2002
SECURITIES AND EXCHANGE COMMISSION V. SEBASTIAN INTERNATIONAL
ENTERPRISES, INC., FERDINAND BEN SEBASTIAN, III, AND JAN L. SEBASTIAN,
Case No. 99-1053-CIV-ORL-18-A (M.D. Fla.)
The Securities and Exchange Commission (SEC) announced that on June 7,
2001, the United States District Court for the Middle District of
California entered an Order against Ferdinand Sebastian and Jan L.
Sebastian, on consent, that imposed civil money penalties of $110,000
on each of them. The SEC also announced that in a separate Order dated
June 6, 2001, the Court, on consent, dismissed all claims for
disgorgement and penalties against Sebastian International
Enterprises, Inc., and all claims against relief defendants Sebastian
International Entertainment, Inc., SIE Holdings, Inc., 3dGolfer, Inc.
and Grand Oasis, Inc.
These Orders resolved all of the SEC's remaining claims against the
defendants in this action, who were charged with the fraudulent sale
of over $17.7 million of promissory notes. For further information,
see (Aug. 20, 1999).
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Modified 07/11/2002
SNIPPETS:
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17606 / July 11,
SECURITIES AND EXCHANGE COMMISSION V. SEBASTIAN INTERNATIONAL ENTERPRISES, INC., FERDINAND
Fla.)
The Securities and Exchange Commission announced that on June 7, 2001, the United States
The SEC also announced that in a separate Order dated June 6, 2001, the Court, on consent,
These Orders resolved all of the SEC's remaining claims against the defendants in this
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