 UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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.
from:
http://www.sec.gov/litigation/litreleases/lr16769.htm
|
