U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22966 / April 7, 2014
Securities and Exchange Commission v. The Milan Group, Inc., a/k/a The Milan Trading Group, Inc., et al., Civil Action No. 11-cv-02132 (RMC) (D.D.C. Nov. 30, 2011)
SEC Settles with Remaining Defendant in Fictitious Offering
The Securities and Exchange Commission announced that on March 4, 2014, Judge Rosemary Collyer entered a final judgment against relief defendant Mia Baldassari. The Commission’s complaint alleged that Baldassari received $24,500 in investor funds to which she had no lawful claim.
Without admitting or denying the allegations of the complaint, Baldassari consented to the entry of a final judgment that orders that she is liable for disgorgement of $24,500, and that such amount shall be deemed satisfied from funds she deposited into the court’s account.
Also on March 4, 2014, at the Commission’s request, the court dismissed relief defendant Brett A. Cooper from the action. Cooper is now a principal defendant in a separate enforcement action the Commission filed alleging that he and several of his companies perpetrated fraudulent investment schemes from 2008 to 2012. SEC v. Brett A. Cooper, et. al, Case No. 13-cv-05787 (RMB) (AMD) (D.N.J.); Litigation Release No. 22830 (October 2, 2013).For further information, please see Litigation Release Numbers 22861 (October 30, 2013) and 22181 (December 6, 2011).