Securities and Exchange Commission v. Global Materials & Services Inc et al, No. 8:2008cv00881 - Document 70 (C.D. Cal. 2010)

Court Description: FINAL JUDGMENT by Judge David O. Carter as to William Woo. (See Judgment for details)(MD JS-6, Case Terminated). (db)

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Securities and Exchange Commission v. Global Materials & Services Inc et al 1 2 3 4 5 6 7 8 9 10 11 JOHN E. BIRKENHEIER Email: birkenheierj@sec.gov ANDREA R. WOOD Email: woodar@sec.gov MARGARET GEMBALA NELSON Email: nelsonm@sec.gov U.S. Securities and Exchange Commission 175 W. Jackson Blvd., Suite 900 Chicago, Illinois 60604 Telephone: (312) 353-7390 Facsimile: (312) 353-7398 Doc. 70 JS-6 LOCAL COUNSEL DAVID J. VAN HAVERMAAT, Cal. Bar No. 175761 Email: vanhavermaatd@sec.gov U.S. Securities and Exchange Commission 5670 Wilshire Blvd., 11th Floor Los Angeles, California 90036 Telephone: (323) 965-3998 Facsimile: (323) 965-3908 Attorneys for Plaintiff U.S. Securities and Exchange Commission 12 13 UNITED STATES DISTRICT COURT 14 CENTRAL DISTRICT OF CALIFORNIA 15 16 SECURITIES AND EXCHANGE COMMISSION, 17 Plaintiff, 18 19 20 21 22 23 Case No. SACV 08-881 DOC (RNBx) vs. GLOBAL MATERIALS & SERVICES, FINAL JUDGMENT AS TO INC. et al., DEFENDANT WILLIAM WOO Defendants, and FLINN SPRINGS INN, INC., Relief Defendant. 24 25 26 27 28 Dockets.Justia.com 1 The Securities and Exchange Commission having filed a Complaint and 2 Defendant William Woo having entered a general appearance; consented to the 3 Court’s jurisdiction over Defendant and the subject matter of this action; consented 4 to entry of this Final Judgment without admitting or denying the allegations of the 5 Complaint (except as to jurisdiction); waived findings of fact and conclusions of 6 law; and waived any right to appeal from this Final Judgment: I. 7 8 9 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendant’s agents, servants, employees, attorneys and all persons in active 10 concert or participation with them who receive actual notice of this Final Judgment 11 by personal service or otherwise are permanently restrained and enjoined from 12 violating Section 5 of the Securities Act (“Securities Act”) [15 U.S.C. § 77e] by, 13 directly or indirectly, in the absence of any applicable exemption: 14 (a) 15 of any means or instruments of transportation or communication in the 16 interstate commerce or of the mails to sell such security through the use or 17 medium of any prospectus or otherwise; 18 (b) 19 causing to be carried through the mails or in interstate commerce, by any 20 means or instruments of transportation, any such security for the purpose of 21 sale or for delivery after sale; or 22 (c) 23 communication in interstate commerce or of the mails to offer to sell or offer 24 to buy through the use or medium of any prospectus or otherwise any 25 security, unless a registration statement has been filed with the Commission 26 as to such security, or while the registration statement is the subject of a 27 refusal order or stop order or (prior to the effective date of the registration Unless a registration statement is in effect as to a security, making use Unless a registration statement is in effect as to a security, carrying or Making use of any means or instruments of transportation or 28 2 1 statement) any public proceeding or examination under Section 8 of the 2 Securities Act [15 U.S.C. § 77h]. II. 3 4 IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED 5 that Defendant and Defendant’s agents, servants, employees, attorneys, and all 6 persons in active concert or participation with them who receive actual notice of 7 this Final Judgment by personal service or otherwise are permanently restrained 8 and enjoined from violating, directly or indirectly, Section 10(b) of the Securities 9 Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 10 promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or 11 instrumentality of interstate commerce, or of the mails, or of any facility of any 12 national securities exchange, in connection with the purchase or sale of any 13 security: 14 (a) to employ any device, scheme, or artifice to defraud; 15 (b) to make any untrue statement of a material fact or to omit to state a 16 material fact necessary in order to make the statements made, in the light of 17 the circumstances under which they were made, not misleading; or 18 (c) 19 would operate as a fraud or deceit upon any person. 20 to engage in any act, practice, or course of business which operates or III. 21 IT IS FURTHER ORDERED, ADJUDGED AND DECREED that 22 Defendant is liable for disgorgement of $327,938, with $91,361 of that amount 23 owed jointly and severally with Defendant ASMAC Financial Inc., representing 24 profits gained as a result of the conduct alleged in the Complaint, together with 25 prejudgment interest thereon in the amount of $148,709, and a civil penalty in the 26 amount of $120,000 pursuant to Section 20(d) of the Securities Act, 15 U.S.C. § 27 77t(d), and Section 21(d)(3) of the Exchange Act, 15 U.S.C. § 78u(d)(3). 28 Defendant shall satisfy this obligation by paying $596,647 within 14 days after 3 1 entry of this Final Judgment by certified check, bank cashier's check, or United 2 States postal money order payable to the Securities and Exchange Commission. 3 The payment shall be delivered or mailed to the Office of Financial Management, 4 Securities and Exchange Commission, Operations Center, 6432 General Green 5 Way, Mail Stop 0-3, Alexandria, Virginia 22312, and shall be accompanied by a 6 letter identifying William Woo as a defendant in this action; setting forth the title 7 and civil action number of this action and the name of this Court; and specifying 8 that payment is made pursuant to this Final Judgment. Defendant shall pay post- 9 judgment interest on any delinquent amounts pursuant to 28 USC § 1961. The 10 Commission shall remit the funds paid pursuant to this paragraph to the United 11 States Treasury. 12 IV. 13 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the 14 Consent is incorporated herein with the same force and effect as if fully set forth 15 herein, and that Defendant shall comply with all of the undertakings and 16 agreements set forth therein. 17 V. 18 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this 19 Court shall retain jurisdiction of this matter for the purposes of enforcing the terms 20 of this Final Judgment. 21 22 VI. There being no just reason for delay, pursuant to Rule 54(b) of the Federal 23 Rules of Civil Procedure, the Clerk is ordered to enter this Final Judgment 24 forthwith and without further notice. 25 26 Dated: August 11, 2010 27 ____________________________________ 28 UNITED STATES DISTRICT JUDGE 4

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