What Are the CMKX Settlement Specifics?

Date:

Share:

According to the Securities and Exchange Commission, the amount of money to be recovered in the case of Securities and Exchange Commission v. CMKM Diamonds, Inc. is unknown as of January 2016. The US Department of Justice, which is prosecuting a separate but related criminal case, issued a statement denying reports of a settlement fund, stating it has no evidence of one.

According to the SEC, the corporation and 13 individual defendants were charged with violating federal securities laws in 2008 for illegally issuing and selling stock in CMKM Diamonds, Inc., a fictitious mining company based in Las Vegas, Nevada. The court issued judgments against multiple defendants, requiring them to refund millions of dollars. The execution of the judgments, however, is still pending. According to the SEC, if enough assets are seized to reimburse investors, the agency can submit a court motion to suggest a settlement plan.

According to the US Department of Justice, the US Attorney’s Office in Las Vegas, Nevada, filed additional action in 2009, charging six of the defendants with securities fraud in connection with the CMKM Diamonds case. As of September 2015, the litigation was still underway.

Read more: From “The View” to “World News Tonight,” How to Get in Touch with Your Favorite ABC TV Shows

━ more like this

What Is 50 Pounds in Weight?

How can you know whether anything or an animal weighs 50 pounds? Reading customer feedback on the goods or animal might be really beneficial....

How Much Did a Titanic First-Class Ticket Cost?

On the Titanic, first-class tickets ranged from 30 pounds for a single berth to 870 pounds for a huge private parlour. This is the...

What Is the Best Way to Troubleshoot a Fellowes Paper Shredder?

Clearing a paper jam, cleaning a dusty sensor, emptying the wastebasket, or restarting a Fellowes personal shredder are all common ways to troubleshoot a...

What Kinds of Animals Have Webbed Toes?

Ducks, geese, swans, petrels, and prions, albatrosses, several types of penguins, notably the Humboldt penguin, flamingos, gulls, terns, and alcids, all have webbed feet....

Is it still possible to get Pacquin Hand Cream?

The maker of Pacquin hand cream has stopped producing it. The product is no longer on shop shelves, however it is available for purchase...

LEAVE A REPLY

Please enter your comment!
Please enter your name here