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1
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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
SCHOENBAUER EXCHANGE COMMISSION DISTRICT SALES DISTRICT COURT REGISTERED BROKER-DEALER SECURITIES ACT JUDGEMENT SCOTT SCHOENBAUER DISGORGEMENT CIVIL PENALTIES SOUTHERN DISTRICT FLORIDA AMOUNT FRAUDULENT OFFERING INVESTORS PERMANENT CONSENT DELIVERY SOLUTIONS TOP-PRODUCING SALES AGENTS UNREGISTERED LINK OFFERINGS RECEIVED COMMISSIONS CLIENTS SCHOENBAUER SOLICITED INVESTORS COLLECTED COMMISSIONS PERMANENT INJUNCTION SCHOENBAUER PERMANENTLY ENJOINING VIOLATING |
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17819 / October 30, 2002
DISTRICT COURT ENTERS FINAL JUDGMENT ORDERING SCOTT SCHOENBAUER TO PAY
DISGORGEMENT AND CIVIL PENALTIES
SECURITIES AND EXCHANGE COMMISSION V. PAUL R. JOHNSON, ET AL., Case
No. 01-7874-CIV-HURLEY (S.D. Fla., filed December 12, 2001)
The Securities and Exchange Commission (SEC) announced that on October
21, 2002, the Honorable Daniel T.K. Hurley, United States District
Judge for the Southern District of Florida, issued an order imposing
disgorgement with prejudgment interest in the amount of $86,177.68 by
consent and a civil penalty of $5,000 by the Court against Scott
Schoenbauer (Schoenbauer) for his role in a fraudulent securities
offering by Link Express Delivery Solutions, Inc. (Link).
In a complaint filed in December 2001, the SEC alleged that
Schoenbauer was among the top-producing sales agents for the five
fraudulent and unregistered Link offerings, and received commissions
of between 8 and 11% of the total amount invested by their clients in
Link. Schoenbauer solicited investors and collected commissions on
their sales while not associated with any registered broker-dealer.
On April 2, 2002, the U.S. District Court for the Southern District of
Florida entered a final judgment of permanent injunction by default
against Schoenbauer permanently enjoining him from violating Sections
5(a) and 5(c) of the Securities Act of 1933 ("Securities Act") (15
U.S.C. §§ 77e(a) and 77e(c)), and Section 15(a)(1) of the Exchange Act
(15 U.S.C. § 78o(a)(1)). Those sections and rules prohibit the offer
or sale of securities not registered with the SEC and the offer and
sale of securities while not associated with any registered
broker-dealer.
For more information on earlier actions in this case, see (December
17, 2001) and (January 24, 2002).
_________________________________________________________________
Modified 10/30/2002
SNIPPETS:
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