Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-casd-3_04-cv-01802/USCOURTS-casd-3_04-cv-01802-4/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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ROBERTO A. TERCERO, Cal. Bar No., 143760

Attorney for Plaintiff

Securities and Exchange Commission

Randall R. Lee, Regional Director

Michele Wein Layne, Associate Regional Director

5670 Wilshire Boulevared, 11th Floor

Los Angeles, California 90036

Telephone: (323) 965-3998

Telephone: (323) 965-3891 (Tercero)

Facsimile: (323) 965-4513

E-Mail: TerceroR@sec.gov

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff,

v.

GLOBAL HEALTH; GLOBAL CLEARING;

GLOBAL STRATEGIES; GOLDMAN

QUINTERO & ASSOCIATES; VINCE DORY;

and JOSHUA ADAMS,

Defendants.

Case No. 04 CV 1802 JM (BLM)

AMENDED FINAL JUDGMENT 

AS TO DEFENDANTS 

VINCE DORY AND JOSHUA ADAMS

The Ex Parte Application of Plaintiff Securities and Exchange Commission (“Commission”),

pursuant to Rules 59(e) and 60(a) of the Federal Rules of Civil Procedure, to Alter or Amend the Final

Judgment as to Defendants Vince Dory and Joshua Adams (“Final Judgment”) against Defendants

Vince Dory and Joshua Adams (collectively “Defendants”) came on for hearing before this Court. This

Court, having granted the application in favor of the Commission and against the Defendants, enters this

Amended Final Judgment as to Defendants Vince Dory and Joshua Adams (“Amended Final

Judgment”). The Amended Final Judgment supersedes the Final Judgment entered by the Court on

February 14, 2007.

/ / / 

/ / / 

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I.

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendants and Defendants’

agents, servants, employees, attorneys, and all persons in active concert or participation with them who

receive actual notice of this Amended Final Judgment by personal service or otherwise are permanently

restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange

Act of 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder

[17 C.F.R. § 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails,

or of any facility of any national securities exchange, in connection with the purchase or sale of any

security:

(a) to employ any device, scheme, or artifice to defraud;

(b) to make any untrue statement of a material fact or to omit to state a material fact 

necessary in order to make the statements made, in the light of the circumstances under which

they were made, not misleading; or

(c) to engage in any act, practice, or course of business which operates or would operate as a

fraud or deceit upon any person.

II.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants and

Defendants’ agents, servants, employees, attorneys, and all persons in active concert or participation

with them who receive actual notice of this Amended Final Judgment by personal service or otherwise

are permanently restrained and enjoined from violating Section 17(a) of the Securities Act of 1933

(“Securities Act”) [15 U.S.C. § 77q(a)] in the offer or sale of any security 

by the use of any means or instruments of transportation or communication in interstate commerce or by

use of the mails, directly or indirectly:

(a) to employ any device, scheme, or artifice to defraud;

(b) to obtain money or property by means of any untrue statement of a material fact or any

omission of a material fact necessary in order to make the statements made, in light of the

circumstances under which they were made, not misleading; or

/ / / 

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(c) to engage in any transaction, practice, or course of business which operates or would

operate as a fraud or deceit upon the purchaser.

III.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants and

Defendants’ agents, servants, employees, attorneys, and all persons in active concert or participation

with them who receive actual notice of this Amended Final Judgment by personal service or otherwise

are permanently restrained and enjoined from violating Section 5 of the Securities Act [15 U.S.C. § 77e]

by, directly or indirectly, in the absence of any applicable exemption:

(a) Unless a registration statement is in effect as to a security, making use of any means or

instruments of transportation or communication in interstate commerce or of the mails to sell

such security through the use or medium of any prospectus or otherwise;

(b) Unless a registration statement is in effect as to a security, carrying or causing to be

carried through the mails or in interstate commerce, by any means or instruments of

transportation, any such security for the purpose of sale or for delivery after sale; or

(c) Making use of any means or instruments of transportation or communication in interstate

commerce or of the mails to offer to sell or offer to buy through the use or medium of any

prospectus or otherwise any security, unless a registration statement has been filed with the

Commission as to such security, or while the registration statement is the subject of a refusal

order or stop order or (prior to the effective date of the registration statement) any public

proceeding or examination under Section 8 of the Securities Act [15 U.S.C. § 77h]. 

IV.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants and

Defendants’ agents, servants, employees, attorneys, and all persons in active concert or participated with

them who receive actual notice of this Amended Final Judgment by personal service or otherwise are

permanently restrained and enjoined from violating Section 15(a) of the Exchange Act [15 U.S.C. §

78o(a)] by, directly or indirectly, in the absence of any applicable exemption, engaging in the business

of a broker or a dealer by making use of the mails or any means or instrumentality of interstate

/ / / 

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commerce to induce the purchase or sale of, any security (in the absence of an applicable exemption),

without being associated with a broker-dealer that has been registered with the Commission.

V.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants are

jointly and severally liable with each other for disgorgement of $247,250, representing profits gained as

a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the

amount of $11,929.63, for a total of $259,179.63. Defendants shall satisfy this obligation by paying

$259,179.63 within ten (10) business days after entry of this Amended Final Judgment by certified

check, bank cashier’s check, or United States postal money order payable to the Securities and

Exchange Commission. The payment shall be delivered or mailed to the Office of Financial

Management, Securities and Exchange Commission, Operations Center, 6432 General Green Way, Mail

Stop 0-3, Alexandria, Virginia 22312, and shall be accompanied by a letter identifying the paying

Defendant’s name as a defendant in this action; setting forth the title and civil action number of this

action and the name of this Court; and specifying that payment is made pursuant to this Amended Final

Judgment. A copy of the payment and letter shall be served upon counsel for the Commission in this

action. Defendants shall pay post-judgment interest on any delinquent amounts pursuant to 28 U.S.C.

§ 1961. The Commission shall remit the funds paid pursuant to this paragraph to the United States

Treasury.

VI.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Vince Dory shall

separately pay a civil penalty in the amount of $120,000 pursuant to Section 20(d) of the Securities Act

[15 U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. Defendant

Vince Dory shall make this payment within ten (10) business days after entry of this Amended Final

Judgment by certified check, bank cashier’s check, or United States postal money order payable to the

Securities and Exchange Commission. The payment shall be delivered or mailed to the Office of

Financial Management, Securities and Exchange Commission, Operations Center, 6432 General Green

Way, Mail Stop 0-3, Alexandria, Virginia 22312, and shall be accompanied by a letter identifying Vince

Dory as a defendant in this action; setting forth the title and civil action number of this action and the

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name of this Court; and specifying that payment is made pursuant to this Amended Final Judgment. A

copy of the payment and letter shall be served upon counsel for the Commission in this action. 

Defendant Vince Dory shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC

§ 1961. The Commission shall remit the funds paid pursuant to this paragraph to the United States

Treasury.

VII.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Joshua Adams

shall separately pay a civil penalty in the amount of $120,000 pursuant to Section 20(d) of the Securities

Act [15 U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. Defendant

Joshua Adams shall make this payment within ten (10) business days after entry of this Amended Final

Judgment by certified check, bank cashier’s check, or United States postal money order payable to the

Securities and Exchange Commission. The payment shall be delivered or mailed to the Office of

Financial Management, Securities and Exchange Commission, Operations Center, 6432 General Green

Way, Mail Stop 0-3, Alexandria, Virginia 22312, and shall be accompanied by a letter identifying

Joshua Adams as a defendant in this action; setting forth the title and civil action number of this action

and the name of this Court; and specifying that payment is made pursuant to this Amended Final

Judgment. A copy of the payment and letter shall be served upon counsel for the Commission in this

action. Defendant Joshua Adams shall pay post-judgment interest on any delinquent amounts pursuant

to 28 USC § 1961. The Commission shall remit the funds paid pursuant to this paragraph to the United

States Treasury.

VIII.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED this Court shall retain jurisdiction

of this matter for the purposes of enforcing the terms of this Amended Final Judgment.

DATED: April 11, 2007

 JEFFREY T. MILLER

United States District Judge 

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