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| | Asthma Disease Management, Inc., George H. Young, Richard A. Manini, Richard B. Anderson, and Colleen Erin Kelly ... |
 | | ADMI issued millions of shares of SDMI stock to Young in lieu of salary and paid commissions to Manini in the form of cash and ADMI shares, for selling ADMI stock, none of which was disclosed. |
 | | In addition, Young and Manini misappropriated and converted for the personal use at least $260,000 of investor funds from the sales of ADMI stock. |
 | | In sum, the complaint charges that defendants ADMI, Young, Manini and Anderson violated the registration and antifraud provisions of the federal securities laws, namely, Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. |
| www.sec.gov /litigation/litreleases/lr17739.htm (739 words) |
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