UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16758 / October 6, 2000
SECURITIES AND EXCHANGE COMMISSION v. ROBERT F. MOORE, INDIVIDUALLY AND D/B/A THE KINGDOM OF ENENKIO, No. CV-0000651-SOM (D. Haw.)
The Commission announced today that it obtained an emergency temporary restraining order against Robert F. Moore, individually and doing business as The Kingdom of Enenkio. The temporary restraining order, entered on October 5 by Judge Susan Mollway enjoins Moore from violating the antifraud and securities registration provisions of the federal securities law, requires Moore to provide an accounting, and freezes Moore's assets pending determination of the matter on the merits.
The complaint alleges Moore, a resident of Honolulu, Hawaii, is holding himself out to be the head of State of The Kingdom of Enenkio. The complaint alleges that Moore is currently conducting a $1 billion offering of "Enenkio Gold War bonds" on an Internet Web site (www.Enenkio.org), through e-mail solicitations sent worldwide, and in postings to various Internet bulletin boards. Enenkio asserts ancestral tribunal rights to Wake Island and atolls in the Marshall Islands chain and claims an intention to develop its territories. According to the complaint, the Kingdom of Enenkio is not recognized in any international forum as a sovereign state nor is it a corporate or statutory entity. The complaint alleges that Moore's offering materials represent that the bonds will pay a compound interest rate of ten percent after 5 years. The complaint also alleges that Moore represents that the bonds are "backed by gold reserves, guarantees, real property or other assets." However, according to the complaint, Moore has no gold reserves and no security, real property or otherwise, exists for the bonds. The complaint further alleges that the bonds have not been registered with the Commission and no exemption for registration applies.
The complaint alleges that Moore violated Sections 5(c), 17(a)(1), and 17(a)(3) of the Securities Act of 1933. The Commission requested emergency action to prevent Moore from transferring or liquidating any investor funds and to halt the offer of securities not registered with the Commission nor exempt from registration.