SEC v U.S. FUNDING CORPORATION, et al


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Keywords & Phrases

CaseNo: LR-17947, CourtCode: DIS, CourtName: 2, 2002 BY THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW, Defendant: U.S. Funding Corporation, et al., Plaintiff: SEC, State: NJ New Jersey, UniqueCaseRef: SEC>LR-17947, Exchange Commission, Jersey, Gwinnett, Contempt, Securities, District, Asset, Investors, Internet Scam, Charges, Former President, Funding Corporation, Presently Set, Contempt Hearing, Company Funds, Unauthorized Payments, Casher, Jersey City, Gwinnett Diverted Company, States District Court, United States District, Asset Freeze Order, According, Defrauded Investors, Angelica Gwinnett , ContentID: 120254968

Case Documents

2003-01-23

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 132150

1 pages
TXT

Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

Price: $ 19.95

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

JERSEY
GWINNETT
CONTEMPT
SECURITIES
DISTRICT
ASSET
INVESTORS
INTERNET SCAM
CHARGES
FORMER PRESIDENT
FUNDING CORPORATION
PRESENTLY SET
CONTEMPT HEARING
COMPANY FUNDS
UNAUTHORIZED PAYMENTS
CASHER
JERSEY CITY
GWINNETT DIVERTED COMPANY
STATES DISTRICT COURT
UNITED STATES DISTRICT
ASSET FREEZE ORDER
ACCORDING
DEFRAUDED INVESTORS
ANGELICA GWINNETT
LITIGATION

U.S. SECURITIES & EXCHANGE COMMISSION

Litigation Release No. 17947 / January 23, 2003

   Securities and Exchange Commission v. U.S. Funding Corporation, et al.
   CV 02-2089

   SEC SEEKS CONTEMPT ORDER AGAINST FORMER PRESIDENT OF NEW JERSEY
   COMPANY CHARGED IN INTERNET SCAM

   On October 29, 2002, the Securities and Exchange Commission sought an
   order of contempt against Angelica Gwinnett, the former president of
   U.S. Funding Corporation, a New Jersey Company that defrauded
   investors out of over $2 million in an internet scam. According to the
   Commission, Ms. Gwinnett violated an asset freeze order issued on May
   2, 2002 by the United States District Court for the District of New
   Jersey. The Commission charges that Ms. Gwinnett diverted company
   assets to her own use, including an investor check that she cashed at
   a Jersey City check casher, and made other unauthorized payments of
   company funds. A contempt hearing is presently set for March 11, 2003.

     _________________________________________________________________

Modified 01/24/2003

SNIPPETS:

U.S. SECURITIES & EXCHANGE COMMISSION

Litigation Release No. 17947 / January 23,

SEC SEEKS CONTEMPT ORDER AGAINST FORMER PRESIDENT OF NEW JERSEY COMPANY CHARGED IN INTERNET

On October 29, 2002, the Securities and Exchange Commission sought an order of contempt

According to the Commission, Ms.

Gwinnett violated an asset freeze order issued on May 2, 2002 by the United States District

The Commission charges that Ms.

Gwinnett diverted company assets to her own use, including an investor check that she cashed

A contempt hearing is presently set for March 11,


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