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1
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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
DISTRICT LIN EXCHANGE COMMISSION CIVIL ACTION EASTERN DISTRICT YORK SECURITIES LAW PRISON UNITED STATES DISTRICT STATES DISTRICT COURT SECURITIES FRAUD SURGILIGHT FLORIDA INJUNCTION VIOLATIONS MONEY LAUNDERING ACCORDING EVIDENCE COMMON STOCK PUBLICLY TRADED COMPANY ORLANDO PRIOR CIVIL ACTION CONSENTING PERMANENT INJUNCTION FEDERAL SECURITIES LAWS ENHANCEMENT INDICTMENT MIDDLE DISTRICT PENDING |
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18099 / April 23, 2003
, CR-02-0423 (DGT) (Eastern District of New York, filed April 11,
2002)
Securities Law Recidivist Sentenced
To Over 5 Years In Prison
On April 23, 2003, the United States District Court for the Eastern
District of New York sentenced Dr. Jui-Teng Lin to 5 years and 10
months in prison for securities fraud and money laundering. Dr. Lin
was convicted by jury trial on December 13, 2002. According to the
evidence at trial, Dr. Lin manipulated the common stock of Surgilight,
Inc., a publicly traded company headquartered in Orlando, Florida. Dr.
Lin settled a prior civil action brought by the Commission in 1998 by
consenting to a permanent injunction against further violations of the
federal securities laws (see , (Sept. 3, 1998)). Dr. Lin's violation
of that injunction resulted in an enhancement of his sentence in the
Surgilight case. Simultaneously with his indictment, the Securities
and Exchange Commission filed a civil action against Dr. Lin and
others in the United States District Court for the Middle District of
Florida arising out of the same securities fraud for which he was
convicted. That action is pending. For further information, see (Dec.
17, 2002) and (April 11, 2002).
_________________________________________________________________
Modified 04/24/2003
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