| |
| | Mx Factors LLC, BBH Resources LLC, JTL Financial Group LLC, Richard M. Harkless, Daniel J. Berardi, Jr., Thomas ... |
 | | The judgment orders Harding, managing member of JTL Financial Group, LLC, to pay over $17 million in disgorgement, prejudgment interest, and civil penalties. |
 | | Mx Factors, BBH Resources, and JTL Financial have been under the control of a court-appointed receiver since the Commission’s action was filed on February 26, 2004 in federal district court in Riverside, California. |
 | | The Commission’s complaint alleged that the defendants fraudulently induced investors nationwide and in Mexico to invest in Mx Factors’ notes, which purportedly paid a “guaranteed” return of 12% in 60 or 90 days. |
| www.sec.gov /litigation/litreleases/2006/lr19726.htm (485 words) |
|