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U.S.
SECURITIES AND EXCHANGE COMMISSION
Litigation Release
No. 16769 / October 16, 2000
S.E.C. v. Anthony J. Marino, Gregory C. Johnson,
Richard Ames Higgins, Mousa International, AJM
Global, and Consortio Intranacional, Civil Action
No. 2:99 CV 0258G (USDC Utah).
The Securities and Exchange Commission announced
that on October 6 , 2000, the Honorable J. Thomas
Greene, U.S. District Judge, District of Utah,
entered a summary judgment against defendants
Anthony J. Marino ("Marino"), Mousa
International ("Mousa"), AJM Global
("AJM"), and Consortio Intranacional
("Consortio"). The judgment permanently
enjoins Marino, Mousa, AJM, and Consortio from
violating Sections 5(a) , 5(c) and 17(a) of the
Securities Act of 1933, and Section 10(b) and
Rule 10b-5 of the Securities Exchange Act of 1934.
The judgment also orders Marino, Mousa, AJM, and
Consortio, jointly and severally, to disgorge
$28 million in ill-gotten gains, plus prejudgment
interest of $3,480,098.33, for a total of $31,480,098.33.
The case remains pending against defendants Gregory
C. Johnson and Richard Ames Higgins.
The Commission's complaint, filed April 20, 1999,
alleged that defendants Marino, Johnson, and Higgins
used Mousa, AJM and Consortio to raise money from
the sale of interests in "investment enhancement
programs" in which investors' funds were
to be pooled and invested in "prime bank
instruments" through a "prime bank"
or a "major world bank in Europe." Investors
were promised rates of return of as high as 20
percent per month, and were falsely told that
their investments were risk-free in that Lloyds
of London would issue an insurance policy on the
programs.
A civil bench warrant for the arrest of Anthony
J. Marino, who is in prison in Costa Rica, remains
outstanding.
http://www.sec.gov/litigation/litreleases/lr16769.htm
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