Source: https://dc.aws-sec.akadns.net/litigation/admin/34-49794.htm
Timestamp: 2018-03-18 12:01:23
Document Index: 339135601

Matched Legal Cases: ['§ 371', '§ 1343', '§ 1952', '§ 371', '§ 1621', '§ 371', '§ 371', '§ 371', '§ 371', '§1343', '§ 371', '§ 371']

1. At all relevant times, Ruge was a stock promoter for International Investment Group, Ltd. ("IIGR"), a Delaware corporation whose principal offices were in New York, New York. The common stock of IIGR was publicly traded on the over-the-counter market.
2. On October 28, 2003, Ruge was permanently enjoined by the United States District Court for the Southern District of New York in SEC v. Ruge, et al., 97 Civ. 9306 (S.D.N.Y.) (DAB), from violating Section 17(a) of the Securities Act of 1933 ("Securities Act"), and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
4. On January 15, 1998, Ruge pled guilty to two counts of conspiracy to commit wire fraud and commercial bribery in violation of 18 U.S.C. § 371, two counts of wire fraud in violation of 18 U.S.C. §§ 1343 and 1346, and two counts of commercial bribery in violation of 18 U.S.C. § 1952. United States v. Leonard Alexander Ruge, 96 Cr. 1068 (S.D.N.Y.) (MBM).
5. The indictment underlying Ruge's guilty plea alleged, among other things, that from November 1995 to December 1995, Ruge made secret payments to brokers to induce the brokers to cause their customers to purchase IIGR stock, for the purpose of artificially inflating the price of IIGR's stock.
1.	At all relevant times, Beagelman was president and chairman of the board of IIGR.
2.	On June 27, 2003, Beagelman was permanently enjoined by the United States District Court for the Southern District of New York in SEC v. Ruge, et al., from violating Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
4.	From approximately June 1995 through February 1996, Beagelman participated in an offering of IIGR stock, which was a "penny stock" as that term is used in Section 15(b)(6) of the Exchange Act and defined by Section 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder.
5.	On December 11, 1997, Beagelman pleaded guilty to one count of conspiracy to commit securities fraud, wire fraud and commercial bribery in violation of 18 U.S.C. § 371, and two counts of perjury in violation of 18 U.S.C. § 1621. United States v. Mac Beagelman, 97 Cr. 1277 (S.D.N.Y.) (JSR).
6. The indictment underlying Beagelman's guilty plea alleged, among other things, that from May 1995 to February 1996, Beagelman agreed to sell shares of IIGR stock to another individual with the knowledge that that individual would offer and make secret payments to securities brokers in order to induce their customers to purchase IIGR stock and that the brokers would not and did not disclose these payments to their customers. Beagelman hoped that this conduct would artificially inflate the stock price.
7.	On the basis of his guilty plea, Beagelman was sentenced to four months of imprisonment followed by three years of supervised release. As part of his criminal sentence, Beagelman was ordered to pay $1,186,048 in restitution.
4.	On January 15, 1998, Symons pleaded guilty to one count of conspiracy to commit securities fraud, wire fraud and commercial bribery, in violation of 18 U.S.C. § 371. United States v. Michael Scott Symons, 97 Cr. 1033 (S.D.N.Y.) (MBM).
1.	At all relevant times, Evers was a registered representative of Meyers Pollock & Robbins, Inc. and Investech.
2.	On June 26, 2003, Evers was permanently enjoined by the United States District Court for the Southern District of New York in SEC v. Ruge, et al., from violating Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
4.	From approximately June 1995 through February 1996, Evers participated in an offering of IIGR stock, which was a "penny stock" as that term is used in Section 15(b)(6) of the Exchange Act and defined by Section 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder.
E.	Eugene Flaksman:
1.	At all relevant times, Flaksman was a registered representative of Investech.
2.	On October 28, 2003, Flaksman was permanently enjoined by the United States District Court for the Southern District of New York in SEC v. Ruge, et al., from violating Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.
4.	On April 1, 1999, Flaksman pled guilty to one count of conspiracy to commit securities fraud, wire fraud and commercial bribery in violation of 18 U.S.C. § 371. United States v. Mark Zaborsky, et al., 98 Cr. 1037 (Eugene Flaksman) (S.D.N.Y.) (LAK).
5.	The indictment underlying Flaksman's guilty plea alleged, among other things, that from February 1995 to February 1997, Flaksman agreed to cause his customers to purchase IIGR stock for the purpose of artificially inflating the stock price in exchange for bribes that he did not disclose to his customers.
6.	On the basis of his guilty plea, Flaksman was sentenced to four months of imprisonment and four months of home confinement followed by three years of supervised release. As part of his criminal sentence, Flaksman was ordered to pay $18,125.67 in restitution to investors.
4. On March 26, 1999, Kolchkov pled guilty to one count of conspiracy to commit securities fraud, wire fraud and commercial bribery in violation of 18 U.S.C. § 371. United States v. Mark Zaborsky, et al., 98 Cr. 1037 (Daniel Kolchkov) (S.D.N.Y.) (LAK).
5. The indictment underlying Kolchkov's guilty plea alleged, among other things, that from February 1995 and February 1997, Kolchkov agreed to cause his customers to purchase IIGR stock for the purpose of artificially inflating the stock price in exchange for bribes that he did not disclose to his customers.
4.	From approximately June 1995 through February 1996, Sanders participated in an offering of IIGR stock, which was a "penny stock" as that term is used in Section 15(b)(6) of the Exchange Act and defined by Section 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder.
5.	On April 25, 2000, Sanders pled guilty to one count of conspiracy to commit securities fraud in violation of 18 U.S.C. § 371, and two counts of wire fraud in violation of 18 U.S.C. §§1343 and 1346. United States v. Mark Zaborsky, et al., 98 Cr. 1037 (Jeff Sanders) (S.D.N.Y.) (MBM).
6.	The indictment underlying Sanders' guilty plea alleged, among other things, that from February 1995 to February 1997, Sanders agreed to cause his customers to purchase IIGR stock for the purpose of artificially inflating the stock price in exchange for bribes that he did not disclose to his customers.
7.	On the basis of his guilty plea, Sanders was sentenced to four years probation. As part of his criminal sentence, Sanders was ordered to pay $71,065.85 in restitution to investors.
b.	Zaborsky violated Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in connection with the offer and sale of IIGR securities.
4.	From approximately June 1995 through February 1996, Zaborsky participated in an offering of IIGR stock, which was a "penny stock" as that term is used in Section 15(b)(6) of the Exchange Act and defined by Section 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder.
5.	On March 26, 1999, Zaborsky pled guilty to one count of conspiracy to commit securities fraud in violation of 18 U.S.C. § 371. United States v. Mark Zaborsky, et al., 98 Cr. 1037 (S.D.N.Y.) (LAK).
6.	The indictment underlying Zaborsky's guilty plea alleged, among other things, that at various times between February 1995 and February 1997, Zaborsky agreed to cause his customers to purchase IIGR stock for the purpose of artificially inflating the stock price in exchange for bribes that he did not disclose to his customers.
1	On June 13, 2002, in connection with an unrelated scheme, Ruge pled guilty to a charge of conspiracy to commit securities fraud in violation of 18 U.S.C. § 371. United States v. Leonard Alexander Ruge, 02 Cr. 752 (S.D.N.Y) (MBM). That case was consolidated with United States v. Leonard Alexander Ruge, 96 Cr. 1068 (S.D.N.Y.) (MBM) for sentencing.
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