UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 16244 / August 4, 1999
SECURITIES AND EXCHANGE COMMISSION v. THE GLOBUS GROUP, INC., et. al, No. Civ. 99-1968 (USDC S.D. Fla.)
The Commission announced that on Friday, July 30, 1999 United States District Court Judge Alan S. Gold entered a preliminary injunction against The Globus Group, Inc. ("Globus"), located in Miami, Florida, and Bruce Gorcyca a/k/a Anthony DiMarco ("DiMarco"), Globus' principal, continuing in effect provisions of the temporary restraining order entered on July 16, 1999. The preliminary injunctive order finds that a securities fraud that was effected through three means: (1) sending spam facsimile messages ostensibly issued by reputable financial firms recommending the stocks of twelve microcap companies; (2) generating false press issued by six of those companies; and (3) posting on the Internet a fraudulent offering of investment interests. The preliminary injunction prohibits Globus and DiMarco from violating the antifraud provisions of the federal securities laws and continues the freeze of their assets.
During the hearing, the Commission presented the testimony of fax recipients and telephone records which connect DiMarco and Globus with the spam facsimile messages. An employee for the United States Department of the Treasury also testified that DiMarco's claims to having been an agent with the Department of Treasury and to offering a "U.S.-approved" financing package are false. Neither Globus nor DiMarco appeared at the hearing on Friday.
See Litigation Release No. 16212 for further information.