U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19598 / March 8, 2006
Securities and Exchange Commission v. Viatical Capital, Inc., et al., Civil Action No. 8:03-cv-01895-SDM-TGW
Judgment of Permanent Injunction and Other Relief Entered Against Defendants Charles Douglas York, Viatical Capital, Inc. and Life Investment Funding Enterprises, Inc.
The Securities and Exchange Commission announced that on February 9, 2006, the Honorable Steven D. Merryday, United States District Judge for the Middle District of Florida entered a Final Judgment of Permanent Injunction and Other Relief against Defendants Charles Douglas York, Viatical Capital, Inc. and Life Investment Funding Enterprises ("collectively, "the defendants"). The Final Judgment, entered with the consent of the defendants, enjoins them from violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. The Final Judgment also bars defendant York from acting as an officer or director of a public company. Based on York's financial statement and other information submitted to the Commission, and his agreement to disgorge other specified assets, the Final Judgment does not order further disgorgement or civil penalty. Additionally, it dismisses the remaining monetary claims for disgorgement and civil penalties against Viatical Capital, Inc. and Life Investment Enterprises, Inc.
For additional information, see Litigation Releases No. 18346 (September 11, 2003) and No. 19151 (March 22, 2005).