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Litigation Release No. 23563 / June 9, 2016

Securities and Exchange Commission v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.)

Court Enters Final Judgment Against Defendant Gary C. Heath in Penny Stock Manipulation Case

The Securities and Exchange Commission announced today that Chief Judge Gregory M. Sleet of the United States District Court for the District of Delaware entered final judgment against Defendant Gary C. Heath on June 7, 2016 in SEC v. Dynkowski, et al., Civil Action No. 1:09-361, a penny stock manipulation case the SEC filed on May 20, 2009. The SEC's complaint alleged that Heath, in connection with a pump-and-dump scheme, engaged in an unlawful distribution of GH3 International, Inc. stock.

The court granted the SEC's motion for summary judgment and entered a final judgment against Heath that permanently enjoins him from violating Section 5 of the Securities Act of 1933; orders disgorgement of $83,245.20, prejudgment interest of $36,665.80, and a civil penalty of $83,245.20; and bars Heath from participating in any offering of a penny stock.

The SEC thanks the following agencies for their cooperation and assistance in connection with this matter: the U.S. Attorney's Office for the District of Delaware; the Delaware State Police; United States Immigration and Customs Enforcement, Department of Homeland Security, Homeland Security Investigations; and the Department of the Treasury, Internal Revenue Service, Criminal Investigation.

For further information, see Litigation Release Nos. 21053 (May 21, 2009), 21463 (March 29, 2010), 22256 (Feb. 10, 2012), 22421 (July 25, 2012), 22626 (Feb. 27, 2013), 23348 (Sept. 15, 2015), 23350 (Sept. 16, 2015), and 23412 (Nov. 23, 2015).



Modified: 06/09/2016