Litigation Release No. 21380 / January 19, 2010

SEC v. Berkshire Resources, et al., Civil Action No. 09-0704-SEB-JMS

Final Judgment of Permanent Injunction and Other Relief Entered Against Defendant Yolanda C. Velazquez

The Commission announced that on December 18, 2009, the United States District Court for the Southern District of Indiana entered a Final Judgment of Permanent Injunction and Other Relief against Defendant Yolanda C. Velazquez. The final judgment enjoins Defendant from violating Sections 5(a) and 5 (c) of the Securities Act of 1933, and Sections 15(a) and 15(b)(6)(B)(i) of the Securities Exchange Act of 1934. In addition, the final judgment requires Velazquez to pay disgorgement of $280,329.08, plus prejudgment interest of $26, 971.04, and a civil penalty of $130, 000.00. Velazquez consented to the entry of the final judgment without admitting or denying any allegations in the complaint.

The Commission commenced this action on June 8, 2009, by filing a complaint against Berkshire Resources, L.L.C. and others alleging Defendants carried out an offering fraud.

For more information on earlier actions in this case, see LR-21074 (June 9, 2009).


Last modified: 1/19/2010