Enforcement & Settlements

This is a non-profit non-partisan project intended to provide the public with an authoritative, professional collection of multi-media information helpful toward the objective of eliminating financial crime on Wall Street. All speakers and authors appearing on this website do so on a bipartisan basis to expose what they believe to be  evidence of illegal behavior perpetrated by Wall Street. As such, their appearance is not political nor done in reference to any political party.

This page points to posted fines & enforcement actions.

Fines have become a cost of doing business and the government is actually incentivizing this high crime against pension funds and the public with its token fines, while maliciously covering up the much larger crimes that are allowed to persist.

We are talking about $35 trillion dollars a year in naked short selling fraud. So $100 trillion or more stolen just since the 2008 bailout, and we have tallied just a half billion in fines.  $466,989,788.00. Cost of doing crime is trivial!  And no one goes to jail.

Perpetrators must lose all of their ill-gotten gains and more. Jail must loom if they continue with these criminal action once we finally get  the SEC cleaned up (purged) and reconstituted.

Fixing this is not rocket science.  It simply demands integrity.  First stop: DTCC.

FINRA ACTIONS

SETTLEMENTS

This page will also show settlements. The average legal observer looking only for final court decisions is missing all of the cases where settlements have been achieved under state RICO laws.  Once federal  RICO is unleashed, and NSA data is made available to achieve settlements outside the normal legal process, we are looking at $50 trillion coming back to the US Treasury, hopefully with several trillion into a victim compensation fund.

Stock Fraud List – Full Case Information

1. Internet Law Library
• INTERNET LAW LIBRARY, INC. and Hunter M.A. Carr, Plaintiffs, v.
SOUTHRIDGE CAPITAL MANAGEMENT, LLC, et al., Defendants./COOTES
DRIVE, LLC., Defendant, Counterclaim-Plaintiff, v. INTERNET LAW
LIBRARY, INC., Plaintiff, Counterclaim-Defendant./Jack TOMPKINS, Kerwin
Drouet, et al., Plaintiffs, v. SOUTHRIDGE CAPITAL MANAGEMENT, et al.,
Defendants.
• United States District Court, S.D. New York.
• James W. Christian listed as counsel of record

2. Nanopierce
• NANOPIERCE TECHNOLOGIES, INC., Plaintiff, v. SOUTHRIDGE CAPITAL
MANAGEMENT LLC, et al., Defendants./HARVEST COURT LLC,
Counterclaim Plaintiff, v.NANOPIERCE TECHNOLOGIES, INC., et al.,
Counterclaim Defendants.
• United States District Court, S.D. New York.
• No. 02 Civ 0767(LBS)

3. ATSI Communications, Inc.
• ATSI COMMUNICATIONS, INC., Plaintiff, v. THE SHAAR FUND, LTD., et
al., Defendants.
• United States District Court, S.D. New York.
• No. 02 Civ. 8726(LAK)

4. Lecstar
• FIRST EMPIRE CORPORATION (directly and derivatively in its capacity
as a shareholder of LecStar Corporation) and ALAN B. THOMAS, JR. (directly
and derivatively in his capacity as a shareholder of LecStar Corporation),
Plaintiffs, v. JOHN C. CANOUSE, et al., v. LECSTAR CORPORATION, as a
Nominal Defendant
• Superior Court of Georgia, Fulton County
• No. 1:04-CV-2596TWT

5. CVF Technologies Corp.

6. Endovasc
• ENDOVASC LTD., INC., Plaintiff, v. J.P. TURNER & CO., LLC, et al..,
Defendants.
• United States District Court, S.D. New York.
• No. 02 Civ. 7313(LAP)

7. NFI
• Joseph AVENIUS et al., Plaintiffs, v. BANC OF AMERICA SECURITIES LLC,
et al., Defendants.
• No. CGC-06-453422
• Superior Court of California, San Francisco County
• James W. Christian listed as attorney of record

8. Novastar Financial, Inc.
• NOVASTAR FINANCIAL SECURITIES LITIGATION
• United States District Court, W.D. Missouri, Western Division
• No. 04-0330-CV-W-ODS

9. Pet Quarters
• PET QUARTERS, INC., Plaintiff v. Thomas BADIAN, et al., Defendants.
• United States District Court, E.D. Arkansas
• No. 4:04-CV-697 (RSW)
• James W. Christian listed as counsel of record
Settled for satisfactory terms to Plaintiff and Defendant

10. Greg Manning Auctions
• Greg MANNING, et al., Plaintiffs, v. MERRILL LYNCH, PIERCE, FENNER &
SMITH, INC., et al., Defendants.
• United States District Court, D. New Jersey
• No. 12-4466 (JLL)

11. Overstock – Marin County
• OVERSTOCK.COM. INC., a Delaware corporation, et al., Plaintiffs, v.
GRADIENT ANALYICS, INC., and Arizona corporation, et al., Defendants.
• Superior Court of the State of California, Marin County
• No. CV 053693
Settled for satisfactory terms to Plaintiff and Defendant

12. Overstock – San Francisco County
• OVERSTOCK.COM, INC., A Delaware Corporation, et al., Plaintiffs, v.
MORGAN STANLEY & CO., Incorporated, et al., Defendants.
• Superior Court of California, San Francisco County
• No. CGC-07-460147
Settled for satisfactory terms to Plaintiff and Defendant

13. Eagletech
• EAGLETECH COMMUNICATIONS INC., et al., Plaintiffs, v. CITIGROUP,
INC., et al., Defendants.
• United States District Court, S.D. Florida
• No. 07-60668-CIV
• EAGLETECH COMMUNICATIONS, INC., a Nevada Corporation authorized to
do business in the State of Florida, Appellant, v. BRYN MAWR INVESTMENT
GROUP, INC., et al., Defendants.
• United States District Court, S.D. Florida
• No. 4D09-3949
Settled for satisfactory terms to Plaintiff and Defendant

14. Hyperdynamics
• HYPERDYNAMICS CORPORATION, Plaintiff, v. J.P. CAREY SECURITIES,
INC., et al., Defendants
• Superior Court of Georgia, Fulton County
• James W. Christian listed as attorney of record
Settled for satisfactory terms to Plaintiff and Defendant

15. Sedona
• SEDONA CORPORATION, Plaintiff, v. LADENBURG THALMANN & CO.,
INC., et al., Defendants.
• No. 03Civ.3120(LTS)(THK)
• United States District Court, S.D. New York
• James W. Christian listed as attorney of record
Settled for satisfactory terms to Plaintiff and Defendant

16. Taser
• TASER INTERNATIONAL, INC., et al., Plaintiffs, v. MORGAN STANLEY &
CO., INC., et al., Defendants
• Superior Court of Georgia, Fulton County
• No. 2008-EV-004739-B
• James W. Christian listed as attorney of record
Settled for satisfactory terms to Plaintiff and Defendant

17. Raser – Georgia
• RASER TECHNOLOGIES, INC., et al.,. Plaintiffs, v. MORGAN STANLEY &
CO., LLC, et al., Defendants.
• Superior Court of Fulton County, State of Georgia
• No. 2012-CV-214140
• James W. Christian listed as attorney of record
Settled for satisfactory terms to Plaintiff and Defendant

18. Raser – Utah (case still pending)
• RASER TECHNOLOGIES, INC., et al.,. Plaintiffs, v. MORGAN STANLEY &
CO., LLC, et al., Defendants.
• Third Judicial District Court, Salt Lake County
• No. 150906718
• James W. Christian listed as attorney of record

PDF (4 Pages): Stock Fraud List – Settlement Case Information