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Litigation Release No. 19188 /April 15, 2005

Securities and Exchange Commission v. Florida Stock Transfer, Inc., et al., Case No. 02-23048-CIV-Ungaro-Benages (S.D. Fla.)

The Securities and Exchange Commission announced that on April 12, 2005, the Honorable Ursula Ungaro-Benages, United States District Judge for the Southern District of Florida entered a judgment setting disgorgement and imposing civil penalties against Allen E. Weintraub. Weintraub is liable for disgorgement and prejudgment interest totaling $930,000, representing his ill-gotten gains as a result of the conduct alleged in the Complaint, and a civil penalty of $120,000.

Previously, on November 5, 2002, Weintraub consented to the entry of Judgment of Permanent Injunction and Other Relief, and on February 20, 2003, Weintraub was permanently barred from acting as a director or officer of any issuer having a class of securities registered with the Commission pursuant to Section 12 of the Securities Exchange Act of 1934 or that is required to file reports pursuant to Section 15(d) of the Exchange Act.

For further information, see Litigation Release No. 17795 (October 22, 2002), Release No. 34-47002 (December 16, 2002), and Litigation Release No. 18021 (March 7, 2003).


Modified: 04/14/2005