U.S. Securities and Exchange Commission
Litigation Release No. 18320 / September 2, 2003
Final Judgments Concerning Disgorgement, Prejudgment Interest, and Civil
Penalties Entered against Jeffrey D. Chandler and Randall Jordan, Two Former
Principals of eComprar Network, Inc.
Securities and Exchange Commission v. Jeffrey D. Chandler and Randall
Jordan, Case No. 02-14222-CIV-MOORE (S.D. Fla.)
The Securities and Exchange Commission (SEC) announced that on August
14, 2003, the United States District Court for the Southern District
of Florida entered final judgments resolving the monetary issues of
disgorgement and civil penalties against Jeffrey D. Chandler
(Chandler) and Randall Jordan (Jordan), the former president and
executive vice president of eComprar Network, Inc. (eComprar),
respectively. The District Court entered a Final Judgment Setting
Disgorgement, Prejudgment Interest, a Civil Penalty and Other Relief
against Chandler ordering him to pay disgorgement in the amount of
$1,555,000, plus prejudgment interest thereon of $39,108.25, and
imposing a civil penalty of $110,000. As against Jordan, the District
Court entered a Final Judgment Setting Disgorgement and Other Relief,
which orders Jordan to pay disgorgement in the amount of $181,000, but
waives payment of disgorgement and does not impose a civil penalty
based upon Jordan's Sworn Statement of Financial Condition and
supporting financial documentation.
Both Jordan and Chandler had been previously enjoined by the District
Court pursuant to Judgments of Permanent Injunction and Other Relief,
entered by their consents on September 26, 2002 and November 7, 2002,
respectively.
For further information, see Litigation Releases (August 9, 2002) and
(December 6, 2002).
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Modified 09/02/2003
SNIPPETS:
Final Judgments Concerning Disgorgement, Prejudgment Interest, and Civil Penalties Entered
Securities and Exchange Commission v. Jeffrey D. Chandler and Randall Jordan,
The Securities and Exchange Commission announced that on August 14, 2003, the United States
The District Court entered a Final Judgment Setting Disgorgement, Prejudgment Interest, a
As against Jordan, the District Court entered a Final Judgment Setting Disgorgement and Other
Both Jordan and Chandler had been previously enjoined by the District Court pursuant to
For further information, see Litigation Releases and.
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