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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 16697 / September 12, 2000

SECURITIES AND EXCHANGE COMMISSION v. MARK S. JAKOB, Civil Action No. EDCV-00-687 VAP (Mcx) (C.D. Cal.)

FEDERAL JUDGE CONTINUES ASSET FREEZE IN SEC CASE INVOLVING EMULEX HOAX

The Securities and Exchange Commission ("Commission") announced that yesterday, Judge Virginia A. Phillips, Central District of California, continued the asset freeze and temporary restraining order against Mark S. Jakob ("Jakob") of El Segundo, California she initially granted on August 31, 2000. The asset freeze and temporary restraining order were granted in response to the Commission's Complaint charging Jakob with perpetrating the August 25, 2000 Internet hoax involving a fake press release about Emulex Corp. of Costa Mesa, California. The Court's order, which continues the freeze of more than $400,000 in assets held by Jakob, also enjoins him from violating the antifraud provisions of the federal securities laws, Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Additionally, the order prohibits Jakob from destroying or otherwise disposing of any documents, including computer records.

A hearing on this matter will be held on October 2, 2000 at U.S. District Court in Riverside, California, where the Court will consider the Commission's motion that the asset freeze and other relief remain in effect pending trial of this action.

http://www.sec.gov/litigation/litreleases/lr16697.htm


Modified:09/13/2000