That's a very good question, SBM. I had completely forgotten about these guys. So many crooks, so little time.
PACER shows that the SEC case against them was "administratively closed" in July of 2007. Administrative closure is not a final result - it generally occurs (as it did here) when the parties are working on a settlement, but one which will take more time to arrange than the court's schedule will permit. A case which is administratively closed is generally reopened, either to get a settlement agreement "So Ordered" or to place the case back on active status if a settlement was impossible to reach. Neither of those things happened here - the order administratively closing the case is the last docket entry, nearly two years ago. That is a little strange.
The explanation may be that they just don't exist anymore. The only hit on a Westlaw business search for "prosperity automated" is
COMPANY INFORMATION
Name: ALL AMERICAN PROSPERITY AUTOMATED SYSTEM GROUP
FILING INFORMATION
Identification Number: 10089094
Filing Date: 09/13/2006
Expiration Date: 09/13/2016
Status: ACTIVE
Business Type: TRADE NAME
Where Filed: SECRETARY OF STATE/CORPORATIONS DIVISION
20300 STATE CAPITOL
LINCOLN, NE 68509
PRINCIPAL INFORMATION
Name: ALL AMERICAN PROPERTIES, L.L.C.
Title: OWNER APPLICANT
Address: 16418 M STREET
OMAHA, NE 68135
AMENDMENT INFORMATION
Amendments: 09/27/2006 MISCELLANEOUS PROOF OF PUBLICATION
09/13/2006 MISCELLANEOUS TRADE NAME
which may or may not be the same folks. It was, however, started in September of 2006 - just when the SEC initiated proceedings against PAS. That alone seems quite a coincidence, if they are not somehow related. However, a google of that address comes back to a "Prestige Realty".
The scammer-in-chief of PAS was one William M. Osterhout. A search on him reveals only the SEC lawsuit and a Chapter 7 bankruptcy filed in NC in 1998. Isn't it amazing how many financial wizards declare bankruptcy?
However, a search on Osterhout as a corporate officer reveals the following:
EXECUTIVE INFORMATION
Principal Name: WILLIAM OSTERHOUT
Principal Address: [redacted]
Registered Agent: BRYCE TERRELL
Registered Agent Address: [redacted]
BUSINESS INFORMATION
Business Name: THE PROSPERITY NETWORK, INC.
Business Address: 140 ENCINITAS BLVD
ENCINITAS, CA 92007
OTHER INFORMATION
Filing Date: 07/19/2004
Status: SURRENDERED
Business/Filing Type: CORPORATION
Identification No.: C2665979
A quick google shows press releases which say that "The Properity Network, Inc" was the owner of PAS. So it looks like they folded up shop, leaving the marks in the lurch, and the SEC went away.
And a lot of the marks probably went on to give their money to the next huckster who came along. "This isn’t just another one of those get rich quick schemes. This scheme is guaranteed to get us rich… and quick!" - Homer Simpson.