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| | SEC v NEW ENERGY CORP - Legal Case Documents |
 | | In addition, on February 22, 2002, the Court indefinitely extended an asset freeze previously entered against defendants Marcelino Colt ("Colt"), a Panamanian citizen residing in Panama and Mexico, who claims to be an investment banker, and Geneva Financial Ltd. ("Geneva"), a Nevis corporation which purports to be an international investment banker. |
 | | Thereafter, on February 27, 2002, Magnum Financial Group, LLC, dba Stratos Research LLC ("Magnum"), a California limited liability company that provides public and investor relations services, and Magnum's president, Michael S. Manahan, age 46, of Harbor City, California, were also permanently enjoined from future violations of the antifraud provisions of the federal securities laws. |
 | | The Commission's complaint alleges that Colt orchestrated the manipulative scheme, including the hiring of Magnum to post a false and misleading buy recommendation, the distribution of mass e-mails or spam containing fraudulent statements, issuing a false and misleading press release, and placing the release onto New Energy's website. |
| www.legalcasedocs.com /120/253/521.html (1247 words) |
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