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| | SEC v ALVIS COLIN SMITH; GREAT WHITE MARINE & RECREATION, et al - Legal Case Documents (Site not responding. Last check: 2007-10-21) |
 | | Smith had previously entered a guilty plea on May 16, 2002, to one count of securities fraud and one count of mail fraud. |
 | | In the Commission action, Judge Smith permanently enjoined Smith from further violating the federal securities laws and ordered that he surrender seven vehicles, three Lake Corsicana lots, his interest in a townhouse, all securities that he owned, a $100,000 appearance bond, certain Mexican assets and $3 million in cash. |
 | | When Smith failed to make the required disgorgement, Judge Smith cited him for contempt on October 11, 2001, and ordered him incarcerated until he complied with the Court's order. |
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