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SEC v KEITH GREENBERG and COYOTE CONSULTING AND FINANCIAL SERVICES, LLP Click to find out why . . .



Keywords & Phrases
CaseNo: LR-17798, CourtCode: DIS, CourtName: DISTRICT COURT ENTERS FINAL JUDGMENT ORDERING KEITH GREENBERG TO PAY, Defendant: Keith Greenberg and Coyote Consulting and Financial Services, LLP, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-17798, Greenberg, Coyote, Civil Penalty, Exchange Act, Commission, District, Disgorgement, Securities, District Court, Judgement, Florida, Amount, Civil Money Penalty, District Judge, Acting, Broker, Permanently Enjoining, Violating, Hurley, Southern District, Imposing, Prejudgment, Registering, Complaint, Preparation, Officer, Injunction, Requesting, Exchange Act Rule , ContentID: 120254049

Case Documents
1 2002-10-23 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 130876
2 pages
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Total Documents: 1 document , 2 pages
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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
COYOTE
CIVIL PENALTY
EXCHANGE ACT
COMMISSION
DISTRICT
DISGORGEMENT
SECURITIES
DISTRICT COURT
JUDGEMENT
LITIGATION
FLORIDA
AMOUNT
CIVIL MONEY PENALTY
DISTRICT JUDGE
ACTING
BROKER
PERMANENTLY ENJOINING
VIOLATING
HURLEY
SOUTHERN DISTRICT
IMPOSING
PREJUDGMENT
REGISTERING
COMPLAINT
PREPARATION
OFFICER
INJUNCTION
REQUESTING
EXCHANGE ACT RULE
United States Securities and Exchange Commission
Washington, D.C.

Litigation Release No. 17798 / October 23, 2002

, 00-9109-CIV-HURLEY/LYNCH (S.D. Fla. filed Dec. 20, 2000)

District Court Enters Final Judgment Ordering Keith Greenberg to Pay
Disgorgement and Interest of $5.8 Million

Amount Is in Addition to Civil Money Penalty of $100,000

   The Securities and Exchange Commission ("Commission") announced today
   that on October 4, 2002, the Honorable Daniel T.K. Hurley, United
   States District Judge for the Southern District of Florida, entered a
   final judgment imposing, jointly and severally, disgorgement of
   $3,828,000, together with prejudgment interest thereon of $1,987,346,
   against Keith Greenberg ("Greenberg") and Coyote Consulting and
   Financial Services, LLP ("Coyote"). The disgorgement amount was based
   on fees received for Coyote acting, through Greenberg, as a broker
   although not registered as such with the Commission. The Court also
   imposed a civil money penalty of $100,000 against Greenberg and a
   civil money penalty of $500,000 against Coyote.

   Greenberg was a co-founder of U.S. Diagnostic, Inc. ("USDL"), a
   company that operates outpatient diagnostic imaging centers and has
   its headquarters in West Palm Beach, Florida. In a complaint filed in
   December 2000, the Commission alleged that Greenberg prepared or
   directed the preparation of numerous public statements by USDL which
   identified him as an officer of the company, but which fraudulently
   failed to disclose his criminal conviction and his injunction in
   previous litigation with the Commission. The Commission's complaint
   additionally alleged that Coyote, through Greenberg, acted as a broker
   without registering with the Commission. Coyote is a Florida limited
   liability company owned by a Greenberg family trust and Greenberg's
   wife, and controlled by Greenberg.

   On March 11, 2002, the Commission filed a motion requesting a default
   judgment against Greenberg and Coyote and requesting the imposition of
   disgorgement and civil penalties against the defendants. On April 4,
   2002, the U.S. District Court for the Southern District of Florida
   entered a final judgment of permanent injunction by default against
   Greenberg and Coyote permanently enjoining Greenberg from violating
   Section 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a)
   of the Securities Exchange Act of 1934 ("Exchange Act"), and Exchange
   Act Rule 10b-5, and from aiding and abetting violations of Section
   13(a) of the Exchange Act and Exchange Act Rules 12b-20, 13a-1, and
   13a-13 and permanently enjoining Coyote from violating Section 15(a)
SNIPPETS:
  • United States Securities and Exchange Commission
  • District Court Enters Final Judgment Ordering Keith Greenberg to Pay Disgorgement and
  • The Securities and Exchange Commission announced today that on October 4, 2002, the Honorable
  • The disgorgement amount was based on fees received for Coyote acting, through Greenberg, as a
  • The Court also imposed a civil money penalty of $100,000 against Greenberg and a civil money
  • In a complaint filed in December 2000, the Commission alleged that Greenberg prepared or
  • The Commission's complaint additionally alleged that Coyote, through Greenberg, acted as a
  • On March 11, 2002, the Commission filed a motion requesting a default judgment against
  • On April 4, 2002, the U.S. District Court for the Southern District of Florida entered a ote from violating Section 15of the Exchange Act.
  • On June 4, 2002, the Court ordered an evidentiary hearing to determine the appropriate
  • U.S. District Judge Hurley adopted the recommending report in its entirety.
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