03:17:57 EDT Thu 25 Apr 2024
Enter Symbol
or Name

Login ID:

SEC defendant Carrillo fails to answer boiler room case

2023-02-01 20:37 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The U.S. Securities and Exchange Commission has won a default order against Luis Carrillo, the former San Diego lawyer who has failed to answer charges arising from a scheme with two Vancouver companies on the OTC Markets. The SEC claimed that Mr. Carrillo was behind the illegal sale of shares in those companies, employing a Colombian boiler room that pitched the stocks to investors. He facilitated the sale of $7-million worth of stock in one of those companies and $5.2-million worth in the other, the SEC said. (All figures are in U.S. dollars.)

The default order, handed down on Jan. 27, 2023, in federal court in Boston, comes with Mr. Carrillo having failed to respond to the charges, despite being served. The order clears the way for the SEC to seek penalties against him without going to a trial. The order does not state what those penalties could be, but when it filed the case the SEC sought an appropriate fine and disgorgement of Mr. Carrillo's gains.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.

Can't find them????????? Offer a couple of million and I'll have a look see. Doesn't matter to find them as they dont pay LOL

Posted by mrhappyone at 2023-02-01 23:23

Comments for this item are closed