LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

SEC v WEB HOSTING HEADQUARTERS PARTNERSHIP, et al Click to find out why . . .



Keywords & Phrases
CaseNo: LR-18101, CourtCode: DIS, CourtName: 21, 2003, THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT, Defendant: Web Hosting Headquarters Partnership, Donald E. Rhoades, Kenneth R. Grossfeld, Wayne L. Prichason, Eduardo Vallar, and Karyn Miller, et al., Plaintiff: SEC, State: FL Florida, UniqueCaseRef: SEC>LR-18101, Securities, Judgments, Rhoades, Miller, Exchange Commission, Web Hosting, Investors, Permanent Injunction, Donald, Karyn Miller, District, Act, Pay Disgorgement, Amount, Civil Penalty, Relief, Web Hosting Headquarters, Hosting Headquarters Partnership, Florida, Complaint, Enjoin, Alleges, Boiler-room, Principals, Telemarketers, Funds, Plus Prejudgment, Thereon, Imposes, Sworn Financial Statement , ContentID: 120255555

Case Documents
1 2003-04-23 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 132845
2 pages
HTML
Total Documents: 1 document , 2 pages
Price: $ 19.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
JUDGMENTS
RHOADES
MILLER
EXCHANGE COMMISSION
WEB HOSTING
INVESTORS
PERMANENT INJUNCTION
DONALD
KARYN MILLER
DISTRICT
ACT
PAY DISGORGEMENT
AMOUNT
CIVIL PENALTY
RELIEF
WEB HOSTING HEADQUARTERS
HOSTING HEADQUARTERS PARTNERSHIP
FLORIDA
COMPLAINT
ENJOIN
ALLEGES
BOILER-ROOM
PRINCIPALS
TELEMARKETERS
FUNDS
PLUS PREJUDGMENT
THEREON
IMPOSES
SWORN FINANCIAL STATEMENT
SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 18101 / April 23, 2003

   FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED
   AGAINST DONALD E. RHOADES AND KARYN MILLER

SECURITIES AND EXCHANGE COMMISSION V. WEB HOSTING HEADQUARTERS PARTNERSHIP,
DONALD E. RHOADES, KENNETH R. GROSSFELD, WAYNE L. PRICHASON, EDUARDO VILLAR,
AND KARYN MILLER, ET AL., Case No. 00-4975-CIV-HIGHSMITH-TURNOFF (S.D. Fla.,
filed Dec. 28, 2000)

   The Securities and Exchange Commission (SEC) announced that on April
   21, 2003, the United States District Court for the Southern District
   of Florida entered Final Judgments of Permanent Injunction and Other
   Relief ("Final Judgments") against Donald E. Rhoades ("Rhoades") and
   Karyn Miller ("Miller"), entered by their consent, without admitting
   or denying the allegations of the Commission's Complaint. The Final
   Judgments enjoin Rhoades and Miller from violations of Sections 5(a),
   5(c) and 17(a) of the Securities Act of 1933 (15 U.S.C. §§ 77e(a),
   77e(c) and 77q) and Sections 10(b) and 15(a)(1) of the Securities
   Exchange Act of 1934 (15 U.S.C. §§ 78j(b) and 78o(a)(1)) and Rule
   10b-5 thereunder (17 C.F.R. 240.10b-5).

   On December 28, 2000, the SEC filed an emergency action against
   Rhoades, Miller and others seeking to enjoin the alleged ongoing
   fraudulent securities offering being conducted by a Miami, Florida
   boiler-room and its principals and telemarketers. Among other things,
   the SEC's Complaint alleges that the boiler-room, Web Hosting
   Headquarters Partnership (Web Hosting), failed to disclose to
   investors that it was controlled by individuals with a prior history
   of defrauding investors, and that it had diverted at least 62% of
   funds raised from investors to pay its principals and telemarketers.

   In addition to the permanent injunction, the Final Judgment entered as
   to Rhoades also orders him to pay disgorgement in the amount of
   $764,272, plus prejudgment interest thereon in the amount of $98,664,
   and imposes a civil penalty of $185,000. The penalty will be
   distributed to investors of Web Hosting pursuant to the Fair Funds
   provisions of Section 308(a) of the Sarbanes-Oxley Act of 2002. The
   Final Judgment entered as to Miller orders her to pay disgorgement in
   the amount of $154,015, plus prejudgment interest thereon, but waives
   payment of disgorgement and does not impose a civil penalty based upon
   Miller's sworn financial statement and supporting documentation
   submitted to the Commission.

   See also, (December 29, 2000).

SNIPPETS:
  • FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DONALD E. RHOADES
  • SECURITIES AND EXCHANGE COMMISSION V.
  • AND KARYN MILLER, ET AL., Case No. 00-4975-CIV-HIGHSMITH-TURNOFF (S.D.
  • The Securities and Exchange Commission announced that on April 21, 2003, the United States
  • The Final Judgments enjoin Rhoades and Miller from violations of Sections 5, 5and 17of the
  • On December 28, 2000, the SEC filed an emergency action against Rhoades, Miller and others
  • Among other things, the SEC's Complaint alleges that the boiler-room, Web Hosting
  • In addition to the permanent injunction, the Final Judgment entered as to Rhoades also orders
  • The Final Judgment entered as to Miller orders her to pay disgorgement in the amount of
  •    |