U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20357 / November 5, 2007
SEC v. Thompson Price Holding Inc., et al., Civil Action No. CV 07-9525 (RMB) (SDNY)
Court Enters Preliminary Injunction Against Thompson Price Holding Inc. and Damir Lukovic a/k/a Greg Thompson
The Securities and Exchange Commission announced today that on October 31, 2007, the United States District Court for the Southern District of New York entered a preliminary injunction order ("Order") on consent against Defendants Thompson Price Holding Inc. ("Thompson Price") and Damir Lukovic a/k/a/ Greg Thompson ("Lukovic"). Pending a final disposition of the Commission's enforcement action, the Order enjoins Defendants from violating Sections and 17 (a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, and Section 15(a) of the Exchange Act.
The Commission's complaint, filed on October 25, 2007, alleges that Defendants defrauded unsuspecting investors in the United States (many of whom are senior citizens) by inducing investors to send checks purportedly for the purchase of shares in the initial public offerings of several Australian companies. Thompson Price's president, Lukovic, using the alias "Greg Thompson," made false and misleading statements to prospective investors, including that: (i) Thompson Price had received an "allocation" of shares in the IPOs; and (ii) Thompson Price would use investors' funds to purchase IPO stock. In fact, each of these representations was false and misleading. Thompson Price was not an underwriter or a broker-dealer. It had no affiliation with any of the Australian companies or their underwriters. It never received any allocation of stock from those IPOs. And most important, the Defendants did not purchase IPO stock with the investors' money, but instead misappropriated the money for their own use. Defendants induced at least ten investors to send investment checks worth at least $107,730.
On October 25, 2007, the Court granted, among other emergency relief, orders freezing the Defendants' assets. In its enforcement action, the Commission is seeking additional relief, including orders permanently enjoining the Defendants from committing future violations of the foregoing federal securities laws, and a final judgment (i) ordering the Defendants to disgorge ill-gotten gains, and (ii) assessing civil penalties against the Defendants.