IN THE UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
SECURITIES AND EXCHANGE COMMISSION
Plaintiff,
:
vs. :
:
NORTHSTAR NETWORK, INC., TIMOTHY J. :
BUZZELLI and DAVID DUTTON, : No.
:
Defendants, :
:
and :
SHELIA DUTTON,
elief-Defendant.
COMPLAINT
The United States Securities and Exchange Commission ("Commission") files this
complaint against Defendants NorthStar Network, Inc. ("NorthStar"), Timothy Buzzelli
("Buzzelli") and David Dutton ("Dutton") and, solely for the purposes of obtaining
equitable relief, against Relief Defendant Shelia Dutton, and would respectfully show the
Court as follows:
SUMMARY
1. This case involves the fraudulent, unregistered offering of the securities of NorthStar,
an Internet service provider based in Dallas, while the company was under the control of
Buzzelli and Dutton between October 1999 and June 2000. NorthStar's stock was
publicly traded during the relevant period.
2. Buzzelli, NorthStar's president, and Dutton, a vice president, orchestrated a fraudulent
offering of NorthStar's common stock, through which they raised over $1 million from
approximately 250 investors in several states using written promotional material styled as
an "Executive Summary."
SNIPPETS:
IN THE UNITED STATES DISTRICT COURT
SECURITIES AND EXCHANGE COMMISSION
NORTHSTAR NETWORK, INC., TIMOTHY J.:
SHELIA DUTTON,
This case involves the fraudulent, unregistered offering of the securities of NorthStar, an
NorthStar's stock was publicly traded during the relevant period.
Buzzelli, NorthStar's president, and Dutton, a vice president, orchestrated a fraudulent
Buzzelli also signed NorthStar's Form 10-SB registration statement, filed with the Commission
By knowingly or recklessly engaging in this conduct, the defendants, directly or indirectly
Relief Defendant Shelia Dutton, the wife of Defendant David Dutton, has received NorthStar
Certain of the transactions, acts, practices and courses of business alleged herein took
Timothy Buzzelli, 45, formerly of Denton, Texas, and currently of Corinth, Texas, became
David Dutton, 47, formerly of Denton, Texas, and currently of Lake Hawkins, Texas, was
The allegations of Paragraphs 1 through 26 of this Complaint are
The Commission repeats and realleges paragraphs 1 through 26 of this Complaint and
Defendants NorthStar, Buzzelli and Dutton, in connection with the offer and sale of
As part of and in furtherance of their scheme, NorthStar, Buzzelli and Dutton, directly and
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