Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-2_08-cv-01464/USCOURTS-azd-2_08-cv-01464-4/pdf.json

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

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WO

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Securities and Exchange Commission, 

Plaintiff, 

vs.

Alliance Transcription Services, Inc., et

al., 

Defendants. 

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No. CV 08-1464-PHX-NVW

FINAL JUDGMENT AS TO DEFENDANT

RAYMOND DABNEY

Plaintiff’s Motion for Summary Judgment having been granted by separate order

(doc. #91),

I. 

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant

Raymond Dabney and Defendant's agents, servants, employees, attorneys, and all persons

in active concert or participation with them who receive actual notice of this 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;

Case 2:08-cv-01464-NVW Document 101 Filed 02/08/10 Page 1 of 3
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(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].

II.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that

Defendant is liable for disgorgement of $109,520.00, representing profits gained as a

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

in the amount of $33,817.10 for a total of $143,337.10. Defendant shall satisfy this

obligation by paying $143,337.10 within ten business days to the Clerk of this Court,

together with a cover letter identifying Raymond Dabney 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 Final Judgment. Defendant shall

simultaneously transmit photocopies of such payment and letter to the Commission’s

counsel in this action. By making this payment, Defendant relinquishes all legal

and equitable right, title, and interest in such funds, and no part of the funds shall be

returned to Defendant. The Clerk shall deposit the funds into an interest bearing account

with the Court Registry Investment System ("CRIS") or any other type of interest bearing

account that is utilized by the Court. These funds, together with any interest and income

earned thereon (collectively, the “Fund”), shall be held in the interest bearing account

until further order of the Court in accordance with 28 U.S.C. § 1914 and the guidelines

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set by the Director of the Administrative Office of the United States Courts, the Clerk is

directed, without further order of this Court, to deduct from the income earned on the

money in the Fund a fee equal to ten percent of the income earned on the Fund. Such fee

shall not exceed that authorized by the Judicial Conference of the United States. The

Commission may propose a plan to distribute the Fund subject to the Court’s approval. 

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

U.S.C. § 1961.

III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant

shall pay a civil penalty in the amount of $50,000.00 pursuant to Section 20(d) of the

Securities Act [15 U.S.C. § 77t(d)]. Defendant shall make this payment within ten (10)

business days after entry of this 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

Raymond Dabney 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 Final Judgment. Defendant 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.

DATED: this 8th day of February, 2010. 

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