{"id":4462,"date":"2007-06-22T12:41:04","date_gmt":"2007-06-22T12:41:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/06\/defendants_ordered_to_pay_14_m"},"modified":"2022-03-28T14:10:48","modified_gmt":"2022-03-28T19:10:48","slug":"defendants-ordered-to-pay-14-m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/defendants-ordered-to-pay-14-m\/","title":{"rendered":"Defendants Ordered to Pay $14 Millions Over Alleged Prime Bank Scheme"},"content":{"rendered":"

\t\t\t\tA U.S. District Court in Indiana entered a permanent injunction against several defendants charged by the SEC over their alleged involvement in a $32 million prime bank scheme. They were also ordered to pay $14 million in disgorgement, plus other sanctions <\/p>\n

The SEC issued a release saying these defendants, including First National Equity LLC, P.K. Trust & Holding Inc., Worldwide T&P Inc. and several individuals, had raised approximately $32 million using while using misrepresenting and omissions to sell interests in a purported system to trade of various financial instruments, including notes.<\/p>\n

Shepherd Smith and Edwards<\/a> is a securities law firm which represents investors nationwide in claims against investment firms. To learn whether our firm can assist you or your firm, contact us<\/a> to arrange a free confidential consultation with one of our attorneys. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A U.S. District Court in Indiana entered a permanent injunction against several defendants charged by the SEC over their alleged involvement in a $32 million prime bank scheme. They were also ordered to pay $14 million in disgorgement, plus other sanctions The SEC issued a release saying these defendants, including First National Equity LLC, P.K. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3738,3760,3741],"tags":[],"class_list":["post-4462","post","type-post","status-publish","format-standard","hentry","category-broker-fraud","category-investor-fraud","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nDefendants Ordered to Pay $14 Millions Over Alleged Prime Bank Scheme — Investor Lawyers Blog — June 22, 2007<\/title>\n<meta name=\"description\" content=\"A U.S. District Court in Indiana entered a permanent injunction against several defendants charged by the SEC over their alleged involvement in a $32 — June 22, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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