U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20340 / October 18, 2007
SEC v. William Scott Deloach, Maria M. Garcia, and Rosario F. Licata, Case No. 06-22329-CIV-GOLD (S.D. Fla).
The Commission Dismisses Its Claims for Disgorgement and Civil Penalties Against All Defendants
The Securities and Exchange Commission announced that on October 11, 2007 it dismissed its claims for disgorgement and civil penalties against Defendants William DeLoach, Rosario Licata and Maria Garcia. In light of DeLoach's 97 month prison sentence, Licata's 63 month prison sentence and Garcia's 63 month prison sentence and orders to pay $18,979,473.98, $6,791,187.58 and $9,489,913.61, respectively, in restitution in the parallel criminal case, the Commission dismissed its disgorgement and civil penalties claims against them. See USA v. DeLoach, et al., Crim. Action No. 06-CR-20583 (S.D. Fla.)
For further information, see Litigation Release No. 19853 (Sept. 29, 2006).