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The Securities and Exchange Commission today barred a New York-based attorney from appearing or practicing before it and acting as an officer or director of a public company after finding that he made false and misleading statements in corporate filings. The SEC’s order finds that David Lubin committed fraud while serving as a director and corporate counsel of Entertainment Art, a public company in which Lubin also was a large shareholder. Lubin negotiated the sale of all of the outstanding stock of Entertainment Art, including both restricted and previously registered shares that were purportedly “free trading,” to an acquaintance interested in purchasing shell companies. Absent a valid exemption, common ownership of all of the shares of a public company would require the owner to register the shares for resale to the public. According to the SEC’s order, Lubin fraudulently misrepresented in Entertainment Art’s corporate filings that the purportedly free-trading shares had not been purchased by the acquaintance. This left the false impression that those shares remained immediately available for public resale. During the next two years and until he left the company, Lubin drafted and signed SEC filings that continued to lie about the true ownership of the company’s stock. According to the SEC’s order, soon after the company was renamed Biozoom, more than 14 million shares were resold to the public in an illegal unregistered distribution for illicit proceeds of $34 million. The SEC froze assets from the unregistered sales in 2013. “As the SEC's order notes, Lubin drafted and signed misleading public filings and masked the true ownership and restricted nature of a significant portion of the company’s stock,” said Antonia Chion, Associate Director in the SEC’s Enforcement Division. “Lubin’s deception led to many of these same shares being illegally resold to the general public by others a few years later.” The U.S. Attorney’s Office for the Southern District of Florida today announced criminal charges aga

19 Jul 2017, 3:11 pm by Mark Astarita

”The U.S. [read post]

Securities Law Blog - http://seclaw.blogspot.com/

Treasury Proposes New Rules For Reviewing Foreign Investment In U.S. Companies

15 May 2008, 4:22 pm

  Among other things, FINSA: Codified the CFIUS committee structure, which previously existed pursuant to Executive Order 11858; the Committee consists of a number of leaders from the Executive Branch, including: (1) the Secretary of the Treasury; (2) the Attorney General; (3) the Secretary of Homeland Security; (4) the Secretary of Defense; (5) the Secretary of State; (6) the Secretary of Commerce; (7) the Secretary of Energy; (8) the Secretary of Labor; and (9) the… [read post]

Government Contracts Blog - http://www.governmentcontractslawblog.com/

Drug Possession Conviction Affirmed Despite Finding of Illegal Search

31 May 2023, 5:56 am by Robert Guest

The Fourth and Fourteenth Amendments to the U.S. [read post]

Dallas Criminal Defense Lawyer Blog - http://www.dallascriminaldefenselawyerblog.com/

100 Deadliest Days for Teenage Drivers Have Started in New Jersey

5 Jun 2019, 5:17 pm by Jonathan F. Marshall

For teenagers across New Jersey and the U.S., the beginning of summer generally means more time and freedom to do what they want. [read post]

New Jersey DWI Lawyer Blog - https://www.newjerseydwilawyerblog.com/

New GC at the Federal Communications Commission

29 May 2012, 10:28 am by Jenna Greene

” Lev, who earned his J.D. from Harvard Law School in 1992, clerked for Judge Patricia Wald of the U.S. [read post]

The BLT: Blog of Legal Times - http://legaltimes.typepad.com/blt/

Opinion analysis: Court limits “acting” appointments to fill vacancies

22 Mar 2017, 3:34 am by Amy Howe

Like the assistant attorney general for civil rights, many other federal government positions also require Senate confirmation. [read post]

SCOTUSblog - http://www.scotusblog.com/

Applicants For D.C. Court of Appeals Vacancy Announced

13 May 2011, 9:14 am by Zoe Tillman

Solicitor General Todd Kim and D.C. [read post]

The BLT: Blog of Legal Times - http://legaltimes.typepad.com/blt/

MBIA Inc. Will Pay $75 Million To Settle SEC Securities Fraud Charges

8 Feb 2007, 7:33 am

The charges were brought against MBIA Inc. by the SEC, the New York State Insurance Department, and NY Attorney General Andrew M. [read post]

Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/

VoxGov: A Veritable Goldmine of "Hidden" U.S. Goverment Insights and Trends

19 Jan 2017, 4:18 am

During this time he recognized the difficulty of accessing valuable information generated by agencies of the U.S. [read post]

Dewey B Strategic - http://deweybstrategic.blogspot.com/

DODD-FRANK: WHAT NON-FINANCIAL FOREIGN PRIVATE ISSUERS NEED TO KNOW

3 Sep 2010, 10:39 am

While the Dodd-Frank Wall Street Reform and Consumer Protection Act generally focuses on regulation of financial institutions and U.S. companies, this summary focuses on what foreign private issuers that are not financial institutions need to know about the potential impact of Dodd-Frank. [read post]

Corporate Securities Law Blog - http://www.corporatesecuritieslawblog.com/

Roiling Harris County

23 Jan 2008, 9:49 am

The hearing, which will take place Jan. 31 in U.S. [read post]

StandDown Texas Project - http://standdown.typepad.com/weblog/

Exploding Airbags Responsible for Largest Auto Recall in U.S. History

26 May 2015, 10:55 am by Dean Law Firm, LLC

Call 352-387-8700 today to set up a free initial consultation with an attorney today. [read post]

Ocala Injury Lawyers Blog - http://www.ocalainjurylawyersblog.com/

U.S. Military Testing Whether Testosterone Can Boost Combat Readiness

14 Oct 2016, 6:02 am by Law Offices of Jeffrey S. Glassman

Pentagon studies hormone’s role in fitness, September 23, 2016, By Patricia Kane, Military Times More Blog Entries: J&J Fires Back on Pelvic Mesh Marketing Lawsuit, July 15, 2016, Boston Product Liability Attorney Blog The post U.S. [read post]

Product Liability Lawyer Blog - http://www.productliabilitylawyerblog.com/

4 Jailed for Making False Statements Concerning HUD/FHA Insured Loans

5 Feb 2015, 3:50 pm by Allison Tussey

Attorney Tompkins thanked the multiple agencies involved in the investigation: Office of the Inspector General, Office of Investigation of the Department of Housing and Urban Development (HUD-OIG); Office of the Inspector General, Office of Investigation of the U.S. [read post]

Mortgage Fraud Blog - http://mortgagefraudblog.com/

DOJ Issues Important New Guidance – Does Your Compliance Program Measure Up?

15 Jun 2020, 11:27 am by A. Rose Stern and Rodger A. Heaton

Our team is comprised of a deep bench of former senior U.S. officials, including a former Deputy Attorney General of the United States, former U.S. [read post]

Subject to Inquiry - http://www.subjecttoinquiry.com/

I-601 Waiver Attorney: Unlawful Presence Waivers

2 Dec 2012, 8:57 pm by Jacob Sapochnick

In determining if the unlawful presence bar is applicable, the stay must not have been authorized by the attorney general. [read post]

Visa Lawyer Blog - http://www.visalawyerblog.com/

Hector Natal Charged by a Federal Criminal Complaint with Conspiracy to Possess with Intent to Distribute Cocaine Base (“Crack Cocaine”)

15 Jun 2011, 8:21 am by McNabb Associates, P.C.

U.S. [read post]

McNabb Associates Federal Crimes Update Podcast - http://www.federalcrimesblog.com

Newborn Survival Rates Lower in U.S. Than Other Rich Countries

12 Mar 2018, 9:20 am by Arfaa Law Group

Claims filed after this three-year deadline are generally thrown out by a court without a hearing. [read post]