U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19611 / March 16, 2006
SEC v. KS Advisors, Inc., KS Condor Partner, Ltd., II, Damian Partners, LLC, Scott Fine and Kevin Boyle, Case No. 2:04 -CV-105- FTM-29DNF (M.D. Fla.)
Court Enters Final Judgment Setting Disgorgement and Civil Penalties Against Defendants Scott Fine and Kevin Boyle
The Securities and Exchange Commission announced that on February 6, 2006, the Honorable John E. Steele, United States District Court for the Middle District of Florida, entered Final Judgment setting disgorgement and civil penalties against Defendants Scott Fine and Kevin Boyle. After the Court conducted an evidentiary hearing on January 17, 2006, it ordered Fine and Boyle to pay over $3 million in disgorgement, prejudgment interest and civil penalties. The Final Judgment ordered Fine to pay within thirty days $1,180,262.00 in disgorgement, plus prejudgment interest of $69,439.00, and a $1,180,262.00 civil penalty. The Final Judgment also ordered Boyle to pay within thirty days $638,742.00 in disgorgement, plus prejudgment interest of $37,579.00, and a $638,742.00 civil penalty.
For more information on earlier actions in this case, see Litigation Release No. 18600 (February 27, 2004); Litigation Release No. 18811 (July 29, 2004); Litigation Release No. 19024 (January 6, 2005).