U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20083 / April 20, 2007
Accounting and Auditing Enforcement Release
No. 2598 / April 20, 2007
Securities and Exchange Commission v. Bernard Shinder, Civil Action No. 6:05-cv-0139 (M.D. Fla.).
Florida Court Orders Boca Raton Man Charged With Fraud To Pay $120,000 Penalty
The Securities and Exchange Commission today announced that the federal court in Orlando entered a final judgment on April 16, 2007 against Bernard Shinder, of Boca Raton, Florida, ordering him to pay a $120,000 penalty.
Shinder, without admitting or denying the allegations against him, consented to the entry of the judgment in the United States District Court for the Middle District of Florida.
This judgment concludes the Commission's litigation concerning Bio One Corp., a nutritional supplement company located in Winter Springs, Florida where Shinder served as CFO. The Commission's complaint alleged fraud and other securities law violations against Shinder and Bio One's former CEO Armand Dauplaise.
Shinder had previously consented to a permanent injunction that enjoins him from future violations of the federal securities laws and bars him from acting as an officer or director of any public company.
For additional information, including details of the complaint's allegations and the prior injunctions against Shinder and Dauplaise, see Litigation Release Nos. 19387 (Sept. 22, 2005), No. 19643 (April 6, 2006), and No. 19808 (Aug. 17, 2006).