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U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 23168 / December 23, 2014

Securities and Exchange Commission v. E-Monee.com Inc., et al., Civil Action No. 13-cv-60637-WJZ (S.D. Fla)

District Court Enters Final Judgment Setting Civil Money Penalty Against Defendant Robert B. Cook

The Securities and Exchange Commission announced that on December 11, 2014, the Honorable William J. Zloch, United States District Court Judge for the Southern District of Florida entered a Final Judgment ordering Defendant Robert B. Cook to pay a $150,000 civil money penalty.

Previously, on May 14, 2014, the Court entered a judgment, by consent, against Defendant Cook, which permanently enjoined him from future violations of Section 17(a)(1) and (3) of the Securities Exchange Act of 1933 and from participating in any offering of a penny stock.

The Commission's complaint, filed on March 19, 2013, alleged that from approximately January 2010 through at least May 2011, E-Monee.com, Inc., its president Estuardo Benavides, and Cook one of its directors, offered shares in E-Monee, while claiming the company owned Mexican bonds purportedly worth billions of dollars, and that E-Monee's shares would substantially increase in value. The complaint alleged that the Mexican bonds were essentially worthless and there was no valid basis for the claims by Benavides and Cook that E-Monee's stock price would increase significantly.

For additional information, see LR-23016/June 10, 2014, LR-22894/Dec. 20, 2013, and LR-22651/March 19, 2013.

 

http://www.sec.gov/litigation/litreleases/2014/lr23168.htm


Modified: 12/23/2014