Broadband Wireless International Corporation
On August 11, 2000, the SEC obtained asset freezes against BroadBand Wireless International Corporation (BBAN), BroadCom Wireless Communications Corporation, and other individual defendants. The SEC alleged the defendants orchestrated a "pump and dump" scheme through false press release, SEC filings, and postings on an Internet message board, and then selling millions of dollars of restricted BBAN stock into the market. For more information about the SEC's action, you can read Litigation Release Nos. 16651 (Aug. 14, 2000) and 16772 (Oct. 18, 2000).
The Court also appointed Peter B. Bradford as Temporary Receiver. He has posted information about the Receivership on the BBAN's website, including three preliminary reports.