U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21265 / October 29, 2009
JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT BRIAN J. TAGLIERI
Securities and Exchange Commission v. HomePals, LLC, HomePals Investment Club, LLC, Ronnie Eugene Bass, Jr., Abner Alabre and Brian J. Taglieri, Civil Action No. 09-CV-81524-Ryskamp/Vitunac (S.D. Fla.)
The Commission announced that on October 27, 2009, the Honorable Kenneth L. Rsykamp, United States District Court Judge for the Southern District of Florida, entered a judgment of permanent injunction and other relief against Brian J. Taglieri. Taglieri has consented to the entry of an injunction against future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to injunctive relief, the Judgment provides for disgorgement and the imposition of a civil penalty in amounts to be determined by the Court upon the Commission's motion.
Previously, the Commission filed a complaint against Taglieri and others alleging that they ran a Ponzi scheme and affinity fraud that targeted Haitian-American investors residing primarily in South Florida.
For more information on earlier actions in this case, see LR-21251 (Oct. 16, 2009).