Litigation Release No. 18320 / September 2, 2003
Final Judgments Concerning Disgorgement, Prejudgment Interest, and Civil Penalties Entered against Jeffrey D. Chandler and Randall Jordan, Two Former Principals of eComprar Network, Inc.
Securities and Exchange Commission v. Jeffrey D. Chandler and Randall Jordan, Case No. 02-14222-CIV-MOORE (S.D. Fla.)
The Securities and Exchange Commission (SEC) announced that on August 14, 2003, the United States District Court for the Southern District of Florida entered final judgments resolving the monetary issues of disgorgement and civil penalties against Jeffrey D. Chandler (Chandler) and Randall Jordan (Jordan), the former president and executive vice president of eComprar Network, Inc. (eComprar), respectively. The District Court entered a Final Judgment Setting Disgorgement, Prejudgment Interest, a Civil Penalty and Other Relief against Chandler ordering him to pay disgorgement in the amount of $1,555,000, plus prejudgment interest thereon of $39,108.25, and imposing a civil penalty of $110,000. As against Jordan, the District Court entered a Final Judgment Setting Disgorgement and Other Relief, which orders Jordan to pay disgorgement in the amount of $181,000, but waives payment of disgorgement and does not impose a civil penalty based upon Jordan's Sworn Statement of Financial Condition and supporting financial documentation.
Both Jordan and Chandler had been previously enjoined by the District Court pursuant to Judgments of Permanent Injunction and Other Relief, entered by their consents on September 26, 2002 and November 7, 2002, respectively.
For further information, see Litigation Releases No. 17674 (August 9, 2002) and No. 17879 (December 6, 2002).