U. S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19155/ March 24, 2005
Securities and Exchange Commission v. Maven Capital Corporation, et al., United States District Court for the District of Nevada, Civil Action No. CV-S-00501-KJD (LRL)
On March 15, 2005, the Honorable Kent J. Dawson, United States District Judge for the District of Nevada, entered an Order To Show Cause why defendant Rodd Buckle (Buckle) should not be held in civil contempt for his violation of the Court's February 13, 2001 order requiring him to pay disgorgement and civil penalties.
The Commission's application alleged that on February 13, 2001, the Court entered an Order on Civil Penalties as to Buckle. The order provided, among other things, that Buckle pay previously ordered disgorgement of $2,037,815 and a civil penalty of $110,000 within 30 days of the order. The Commission alleged that Buckle made no payment whatsoever through March 2004. On a prior application by the Commission, the Court found Buckle in contempt on March 5, 2004. He has since paid only $276.10.
See also: L. R. 16123 (April 26, 1999); L. R. 18341 (September 11, 2003)