U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

David A. Colvin and Intellinet Publishing, Inc.

On April 14, 1999, the SEC obtained Final Judgments against David A. Colvin and other defendants in connection with a boiler room operation. The SEC alleged that Colvin and others fraudulently raised approximately $6 million from about 500 investors nationwide, misappropriating investor funds and spending them on boiler room expenses and other business ventures. For more information about the SEC's action, you can read several litigation releases: 15651 (Feb. 23, 1998), 15683 (Mar. 25, 1998), 16142 (May 13, 1999), and 16255 (Aug. 19, 1999).

The Court appointed James H. Donell as Receiver to take control of the companies and to collect and distribute assets. The Receiver has recovered a small amount of assets and expects to make a distribution within the next six months. For more information, you can contact the Receiver at (310) 207-8481 or james.donell@jalmar.com.


Modified: 04/03/2001