scion
10 years ago
Court Enters Final Judgment of Permanent Injunction and Other Relief Against E-Monee.Com, Inc. and Estuardo Benavides
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22894 / December 20, 2013
Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla)
Court Enters Final Judgment of Permanent Injunction and Other Relief Against E-Monee.Com, Inc. and Estuardo Benavides
The Commission announced that on November 27, 2013, the Honorable William J. Zloch of the United States District Court for the Southern District of Florida entered a Final Judgment of Permanent Injunction and Other Relief Against Defendants E-Monee.com, Inc. and Estuardo Benavides. The final judgment enjoins E-Monee and Benavides from violating Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933. In addition to injunctive relief, the final judgment orders Benavides to pay a civil penalty of $110,000 and bars him from participating in an offering of a penny stock. E-Monee and Benavides consented to the entry of the final judgment without admitting or denying any of the allegations in the Commission's complaint. As part of the settlement, the Commission also dismissed its civil penalty claim against E-Monee, which is no longer operating.
The Commission's complaint, filed on March 19, 2013, alleged that E-Monee, its president Benavides, and one of its directors Robert B. Cook, fraudulently offered shares in E-Monee, while claiming the company owned Mexican bonds purportedly worth approximately $5 billion, and that E-Monee's shares would substantially increase in value. The complaint alleged that the Mexican bonds were essentially worthless and there was no valid basis for the claims by Benavides and Cook that E-Monee's shares would substantially increase in value. The Commission remains in active litigation against Cook.
For further information, see LR-22651/March 19, 2013.
http://www.sec.gov/litigation/litreleases/2013/lr22894.htm
lucky, mydog
11 years ago
Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla)
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22651 / March 19, 2013
Securities and Exchange Commission v. E-Monee.com, Inc. et al., Civil Action No. 0:13-cv-60637-WJZ (S.D. Fla)
The Securities and Exchange Commission today filed fraud charges against E-Monee.com, Inc. (“E-Monee”), its president, Estuardo Benavides (“Benavides”), and one of its directors and a licensed Florida attorney, Robert B. Cook (“Cook”), for offering shares in E-Monee to investors under the false pretense that the company owned Mexican bonds worth billions of dollars.
The SEC’s complaint, filed in the United States District Court for the Southern District of Florida, charges E-Monee.com, Inc., Estuardo Benavides, 59, of Margate, Florida, and Robert C. Cook, 70, of Tequesta, Florida for fraudulently offering shares in E-Monee from at least January 2010 through May 2011, while claiming, among other things, the company owned Mexican bonds purportedly worth approximately $5 billion, and that E-Monee’s shares would substantially increase in value. The complaint alleges that the Mexican bonds the company owned, in reality, were essentially worthless and there was no valid basis for the claims by Benavides and Cook that E-Monee’s shares would substantially increase in value.
The SEC’s complaint charges E-Monee, Benavides and Cook with violations of Section 17(a)(1) and 17(a)(3) of the Securities Act of 1933. The SEC is seeking permanent injunctions and civil money penalties against all three defendants. The SEC will also seek penny stock bars against Benavides and Cook.
The SEC acknowledges the substantial assistance of the U.S. Secret Service in this investigation.
http://www.sec.gov/litigation/litreleases/2013/lr22651.htm
puppydotcom
14 years ago
so is this one also the.. 'short squeeze of a lifetime' ... too?
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
*
Current Capital Change
shs decreased by 1 for 4 split
Pay Date: Sept 22, 2003
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Company Notes
o Formerly=Coffaro Family Products, Inc. until 7-06
o Formerly=Triangle Broadcasting Co., Inc. until 1-02
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Security Notes
o Capital Change=Capital Change=shs decreased by 1 for 5 split.. Pay date=07/30/1998.
*
OTC Market Tier
Pink Sheets No Information
*
Primary SIC — Industry Classification
6199 - Finance Services
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State Of Incorporation
NV
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Jurisdiction Of Incorporation
United States
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Year Of Incorporation
1999
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Company Officers
Estuardo Benavides, CEO
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Number of Employees
15 as of Aug 1, 2006
*
SEC Reporting Status
non-SEC Reporting Company
*
Estimated Market Cap
$298,000 as of Feb 5, 2010
*
Outstanding Shares
149,000,000 as of Aug 22, 2006
*
Authorized Shares
200,000,000 as of Aug 1, 2006
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=emnc#getQuote
puppydotcom
14 years ago
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why is Pink OTC displaying this warning?
Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=EMNC#getQuote
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