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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20346 / October 25, 2007

SEC v. Thompson Price Holding Inc., et al., Civil Action No. CV 07-9525 (RMB) (SDNY)

SEC Brings Emergency Action Against Thompson Price Holding Inc. and Damir Lukovic a/k/a Greg Thompson

The Securities and Exchange Commission announced today that it filed an emergency enforcement action against Thompson Price Holding Inc. and Damir Lukovic a/k/a Greg Thompson to halt an ongoing fraudulent stock offering.

The Commission's complaint, filed in the Southern District of New York, alleges that Defendants defrauded unsuspecting investors in the United States (many of whom are senior citizens) by inducing investors to send checks purportedly for the purchase of shares in the initial public offerings of several Australian companies. Thompson Price's president, Lukovic, using the alias "Greg Thompson," made false and misleading statements to prospective investors, including that: (i) Thompson Price had received an "allocation" of shares in the IPOs; and (ii) Thompson Price would use investors' funds to purchase IPO stock. In fact, each of these representations was false and misleading. Thompson Price was not an underwriter or a broker-dealer. It had no affiliation with any of the Australian companies or their underwriters. It never received any allocation of stock from those IPOs. And most important, the Defendants did not purchase IPO stock with the investors' money, but instead misappropriated the money for their own use. Defendants induced at least ten investors to send investment checks worth at least $107,730.

The Complaint charges the Defendants with violating Section 17(a) of the Securities Act of 1933, and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

The Court granted, among other emergency relief, a temporary restraining order, which prohibits Defendants from committing further violations of the federal securities laws and freezes the their assets. In its enforcement action, the Commission is seeking additional emergency relief, including orders enjoining the Defendants, preliminarily and permanently, from committing future violations of the foregoing federal securities laws, and a final judgment ordering the Defendants to disgorge ill-gotten gains and assessing civil penalties.

SEC Complaint in this matter

 

http://www.sec.gov/litigation/litreleases/2007/lr20346.htm


Modified: 10/25/2007