SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18258 / July 29, 2003
FINAL JUDGMENT SETTING DISGORGEMENT, PREJUDGMENT INTEREST AND A CIVIL PENALTY ENTERED AGAINST WILLIAM L. HAYNES
SECURITIES AND EXCHANGE COMMISSION V. GLOBAL ASSET PARTNERS, LTD., GLOBAL SERVICES GROUP, LLC, GLOBAL INTERNET FUND GROUP, INC., WILLIAM L. HAYNES AND RELIEF DEFENDANT, CENTURION INTERNATIONAL, LLC, Case No. 01-8862-CIV-MIDDLEBROOKS (S.D. Fla).
The Securities and Exchange Commission (SEC) announced that on June 26, 2003, the U.S. District Court for the Southern District of Florida entered a Final Judgment Setting Disgorgement, Prejudgment Interest and a Civil Penalty (Final Judgment) against William L. Haynes (Haynes). The Final Judgment orders him to pay $466,934.83 in disgorgement, prejudgment interest in the amount of $29,873.43 and imposes a civil penalty in the amount of $110,000.00.
On October 21, 2001, the Court entered a Judgment of Permanent Injunction and Other Relief against Haynes, by his Consent, permanently enjoining him from further violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b), 15(a)(1) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Judgment also provided for disgorgement, prejudgment interest thereon, and the imposition of a civil money penalty in amounts to be determined.
For more information on earlier actions in this case see Litigation Release No. 17173 (October 4, 2001).