U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21268 / October 29, 2009
SEC v. Video Without Boundaries, Inc. (d/b/a China Logistics Group Inc.), et al., Civil Action No. 08-61517-CIV-GOLD/MCALILY
DEFAULT JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT DAVID J. AUBEL
The Commission announced that on October 19, 2009, the United States District Court for the Southern District of Florida entered a Default Judgment of Permanent Injunction and Other Relief against Defendant David J. Aubel. The default judgment enjoins Aubel from violating Sections 5(a) and 5(c) of the Securities Act of 1933, and Sections 10(b), 13(d), and16(a) of the Securities Exchange Act of 1934, and Rules 10b-5, 13d-1, and 16a-3, thereunder. In addition, the default judgment also bars Aubel from participating in any offering of a Penny Stock, pursuant to Section 21(d) of the Securities Exchange Act of 1934.
Previously, the Commission filed a complaint against Aubel and others alleging accounting fraud related to annual and quarterly filings and the issuance of false and misleading press releases of Video Without Boundaries, Inc.
For more information on earlier actions in this case, see LR-20739 (Sept. 25, 2008).