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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
COMMISSION REGISTRATION STATEMENT SECURITIES PURSUANT PROCEEDING AMENDMENTS EFFECTIVENESS SECURITIES ACT FINDINGS SHARES FAILING DISCLOSE EXCHANGE COMMISSION MATTER PARK AVE YORK ORDER MAKING FINDINGS ISSUING SETTLEMENT CIVIL MATERIALITY BASIS POST EFFECTIVE AMENDMENTS OFFERING SALES AMENDMENTS MISREPRESENT OMIT STATE MATERIAL FACTS STATED THEREIN |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 8115 / July 26, 2002
Administrative Proceeding
File No. 3-10750
_________________________________________________________________
In the Matter of
a Registration Statement of
Fonecash, Inc.
90 Park Ave.
New York, NY 10016
_________________________________________________________________
Order Making Findings And Issuing Stop Order Pursuant to Section 8(d)
Pursuant to Section 8(d)
I.
On April 8, 2002, the Securities and Exchange Commission
("Commission") issued an Order Fixing Time and Place of Public Hearing
and Instituting Proceedings Pursuant to Section 8(d) of the Securities
Act of 1933 ("Securities Act") in the Matter of a Registration
Statement of FoneCash, Inc. ("FoneCash").
II.
FoneCash has submitted an Offer of Settlement ("Offer"), which the
Commission has determined to accept as appropriate and in the public
interest. Solely for the purpose of this proceeding and any other
proceedings brought by or on behalf of the Commission or in which the
Commission is a party, except the pending civil litigation SEC v.
FoneCash, Inc. et al., Civil Action No. 1 02CV00651RJL (D.D.C.),
FoneCash, without admitting or denying the accuracy of the allegations
in the Division's Statement of Matters or any Order Making Findings
and Issuing Stop Order which may be issued pursuant to its Offer,
waives any objections to the materiality of those matters and consents
to the entry by the Commission of the findings and stop order set
forth herein.
III.
On the basis of this Order and the Offer submitted by FoneCash, the
SNIPPETS:
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