Wayne M. Carlin (WC-2114)
Regional Director
Northeast Regional Office
SECURITIES AND EXCHANGE COMMISSION
233 Broadway
New York, New York 10279
(646) 428-1510
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK
SECURITIES AND EXCHANGE COMMISSION
Plaintiff,
v.
HERITAGE FILM GROUP LLC, LITTLE GIANT LLC,
OUT OF THE BLACK PARTNERS LLC, AMERICAN
CAPITAL ACQUISITIONS, INC., AMERICAN CINEMA :
SERVICES LLC, AMERICAN FILM INDEX LLC, ASSOCIATED :
TECHNOLOGY, INC., ATLANTIC CAPITAL TRUST, INC., :
BENCHMARK ENTERTAINMENT GROUP, INC., DOUBLE :
EAGLE CAPITAL MANAGEMENT, INC., EXECUTIVE :
SERVICES GROUP LLC, FOUR STARZ PRODUCTIONS : 02 Civ. ____ (
LIMITED, INC., LAKSHMI FILM CORP., SOUTHEAST : )
RESEARCH FILM FOUNDATION, INC., STARK :
ENTERTAINMENT PRODUCTIONS, INC., THROUGH THE : COMPLAINT
YEARS ENTERTAINMENT, INC., TRILINK ENTERTAINMENT :
CORP., ONE TRADE CORP., VANGUARD ENTERTAINMENT :
PRODUCTIONS, INC., JAMES ALEX, LAURENCE BOWSKY, :
VINCENT CAVARRA, ABRAHAM M. DANIELS, PAUL :
DICKAU, PETER EMRICH, ALBERTO FERREIRAS, :
RUSSELL FINNEGAN, JAMES FRANKFURTH, HOWARD
GOODMAN, MARY GOODMAN, MICHAEL GONZALES,
IAN HAHN, ANTHONY LIGGIO, ROSEMARIE INGENITO,
RICHARD JENKINS, KARL KOZAK, KURT
KRANZ, JAMES LEONARD, PHILIP MANZIONE,
WILLIAM NEWSOM, LISA NIKSIC, DONALD O'GRADY,
KURT PENBERG, FRANK ROSSI, CYNTHIA SILVER,
NANCI SILVERSTEIN, ANTHONY STARK, BEVERLY
TEDDER, ERIC THOM, DANA VALENSKY, AND KEN ZOLO,
Defendants.
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
HERITAGE FILM GROUP LLC, LITTLE GIANT LLC, OUT OF THE BLACK PARTNERS LLC, AMERICAN
YEARS ENTERTAINMENT, INC., TRILINK ENTERTAINMENT:
RUSSELL FINNEGAN, JAMES FRANKFURTH, HOWARD GOODMAN, MARY GOODMAN, MICHAEL GONZALES, IAN HAHN,
Plaintiff Securities and Exchange Commission for its complaint against Defendants Heritage
ons Limited, Inc., Lakshmi Film Corp., One Trade Corp., Southeast Research Film Foundation, Inc.,
This action involves three fraudulent schemes, conducted from approximately December 1997 to
These issuers are California limited liability companies formed for the purpose of financing
To market their unregistered securities to investors, Little Giant, Heritage Film and Out of
These offerings were fraudulent because approximately 50% of the offering proceeds went to
The defendants did not disclose these excessive sales commissions to investors.
Beyond these misrepresentations, Alex and Heritage Film deceived investors by falsely
Defendants Thom, American Film, Liggio, Silver, Associated Technology, Tedder, Atlantic
From approximately October 1998 through June 2000, Heritage Film, Alex, Finnegan, Double
Defendants Kranz, American Capital, Tedder, Atlantic Capital, Daniels, Four Starz, Rossi,
Defendants Finnegan, Newsom, Executive Services, Penberg, American Cinema, Ferreiras,
Defendant Leonard knowingly aided and abetted violations of Section 10of the Exchange Act, 15
Heritage Film's sole business has been the development, production, and marketing of a motion
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