Securities and Exchange Commission v. Scott London et al, No. 2:2013cv02558 - Document 14 (C.D. Cal. 2014)

Court Description: FINAL JUDGMENT AS TO SCOTT LONDON by Judge R. Gary Klausner. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant and Defendants agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive ac tual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the Exchange Act) [15 U.S.C. § 78j(b)] and Rule 1 0b-5 promulgated thereunder [17 C.F.R. § 240.10b-5]... Defendant is liable for disgorgement of $100,000, representing profits gained as a result of the conduct alleged in the Complaint. The payment of disgorgement in this case shall be deemed satisfied by the entry of the order in the parallel criminal action, United States v. Scott London, Case No. CR13-10379 (C.D. Cal.), requiring London to pay a civil fine of $100,000. (See order for further details). (shb)

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Securities and Exchange Commission v. Scott London et al 1 2 3 4 5 6 7 8 Doc. 14 LYNN M. DEAN, Cal. Bar No. 205562 Email: deanl@sec.gov WILLIAM S. FISKE, Cal. Bar. No. 123071 Email: fiskew@sec.gov Attorneys for Plaintiff Securities and Exchange Commission Michele Wein Layne, Regional Director Lorraine B. Echavarria, Associate Regional Director John W. Berry, Regional Trial Counsel 5670 Wilshire Boulevard, 11th Floor Los Angeles, California 90036 Telephone: (323) 965-3998 Facsimile: (323) 965-3908 9 UNITED STATES DISTRICT COURT 10 CENTRAL DISTRICT OF CALIFORNIA 11 12 13 SECURITIES AND EXCHANGE COMMISSION, Case No. 13-CV-02558 RGK (PJWx) Plaintiff, FINAL JUDGMENT AS TO DEFENDANT SCOTT LONDON 14 15 16 17 vs. SCOTT LONDON AND BRYAN SHAW, Defendants. 18 19 The Securities and Exchange Commission having filed a Complaint and 20 Defendant Scott London having entered a general appearance; consented to the 21 Court’s jurisdiction over Defendant and the subject matter of this action; consented 22 to entry of this Judgment; waived findings of fact and conclusions of law; and 23 waived any right to appeal from this Judgment: 24 25 I. IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant 26 and Defendant’s agents, servants, employees, attorneys, and all persons in active 27 concert or participation with them who receive actual notice of this Judgment by 28 1 Dockets.Justia.com 1 personal service or otherwise are permanently restrained and enjoined from 2 violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 3 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated 4 thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of 5 interstate commerce, or of the mails, or of any facility of any national securities 6 exchange, in connection with the purchase or sale of any security: 7 (a) to employ any device, scheme, or artifice to defraud; 8 (b) to make any untrue statement of a material fact or to omit to 9 10 11 12 state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or (c) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person. 13 II. 14 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that 15 Defendant is liable for disgorgement of $100,000, representing profits gained as a 16 result of the conduct alleged in the Complaint. The payment of disgorgement in 17 this case shall be deemed satisfied by the entry of the order in the parallel criminal 18 action, United States v. Scott London, Case No. CR13-10379 (C.D. Cal.), requiring 19 London to pay a civil fine of $100,000. 20 III. 21 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the 22 Consent is incorporated herein with the same force and effect as if fully set forth 23 herein, and that Defendant shall comply with all of the undertakings and 24 agreements set forth therein. 25 26 27 28 2 1 IV. 2 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this 3 Court shall retain jurisdiction of this matter for the purposes of enforcing the terms 4 of this Final Judgment. 5 6 7 Dated: November 5, 2014 __________________________________ UNITED STATES DISTRICT JUDGE 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3

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