Frederick W. Wall

SEC v. Frederick W. Wall 00 Civ 4385 (S.D.N.Y.) (KMW)

On June 11, 2004, the Honorable Kimba M. Wood granted the Commission's motion for voluntary dismissal of its civil injunctive action against Frederick W. Wall. SEC v. Frederick W. Wall 00 Civ 4385 (S.D.N.Y)(KMW). The Commission's action was dismissed with prejudice. Wall was one of seven individuals and six entities sued by the Commission on June 8, 2000 in connection with a series of fraudulent securities offerings. On December 11, 2000, Wall pleaded guilty to one count of conspiracy to commit securities fraud, mail fraud and wire fraud, in a related criminal action. Wall was sentenced to a prison term of 30 months followed by three years of supervised release and ordered to make restitution in the amount of $500,000. United States v. Salvatore Tavolacci, et al., 00 CR 554 (S.D.N.Y)(DC).

For further information about the civil and related criminal proceedings, see Litigation Release No. 16588 (June 14, 2000).