Profitable Sunrise: Default Final Judgment Entered

ProSun

I checked the docket just now and saw this; it’s sort of what I thought would happen. Not sure what it means for the victims of “Roman Novak” or whoever that low life crook actually is.


 

 

DEFAULT FINAL JUDGMENT ENTERED against Defendant Inter Reef Ltd. dba Profitable Sunrise and Relief Defendants Melland Company S.R.O., Color Shock S.R.O., Solutions Company S.R.O., and Fortuna-K S.R.O., the Court hereby enters final judgment in favor of the Securities and Exchange Commission and against the Defendant and Relief Defendants.

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security.

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant and Relief Defendants are liable, jointly and severally, for disgorgement of all sums raised in the enterprise described in the Commissions Complaint, including, but not limited to, all amounts transmitted from the United States to accounts outside the United States, including to accounts held in the name of the Relief Defendants wherever those accounts are located, together with prejudgment interest thereon. The Commission may move to amend this Final Judgment within 90 days to more precisely quantify the amount of disgorgement and prejudgment interest and defendant and relief defendants shall satisfy the disgorgement obligation within 14 days after entry this Final Judgment.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. (See judgment for further details) Signed by Judge Thomas W. Thrash, Jr. on 3/16/2016


 

 

Here is the Final Judgment Order for those who would like to see the details.

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