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[QUOTE]Originally posted by wallymac: [QB] [QUOTE]Originally posted by LT: [qb] the SEC hasnt won anything ..lol.. there will be a hearing some time in the near future. [/qb][/QUOTE]Yes, there will be a hearing. Just not the one that you are thinking. THe case is over. Here is what the hearing will be about. Straight from the PACER documents posted earlier on this thread. [b]G. ADDITIONAL INFORMATION AND REQUEST FOR A HEARING Plaintiff requests that the Court order a hearing on this Motion for Default Judgment, so that it may present evidence concerning the amount of civil penalties appropriate for the Court to order. Specifically, Plaintiff plans to present the testimony of victims who purchased shares of Conversion at tremendously inflated prices after relying on the fraudulent misrepresentations made by Defendants charged in the Complaint. These victims will explain the substantial losses that they suffered, and the effects of those losses on their daily lives. In addition, Plaintiff plans to present the testimony of a staff accountant of the Commission, to quantify for the Court the approximate total losses to investors flowing from Defendants’ fraudulent misrepresentations. Finally, Plaintiff will present evidence of Defendant Harris’s plan to enrich himself and his family members through stock sales during his fraudulent manipulation of Conversion’s stock price.[/b] [/QB][/QUOTE]
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