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Did you have it?

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What do YOU think?

I probably would've been holding it if it had gone DOWN 14,000%

What the heck is "bodyscan" anyhow? Sounds creepy. LOL

Jo
 

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Originally posted by Moneymaker46:
How does something like this happen??

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ENFORCEMENT PROCEEDINGS - COURT ENTERS FINAL JUDGMENT AGAINST BODYSCAN
3:00 p.m. 04/27/2006 Provided by


Apr 27, 2006 (SECURITIES AND EXCHANGE COMMISSION RELEASE/ContentWorks via COMTEX) -- On March 7, 2006, the Honorable David O. Carter, U.S. District Judge for the Central District of California, granted the Securities and Exchange Commission's motion for summary judgment and entered a final judgment against Anthony Sciuto, the president and CEO of BodyScan Corporation (BodyScan), permanently enjoining Sciuto from violating Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder, ordering Sciuto to pay a civil penalty of $120,000, and barring Sciuto from serving as an officer or director of any company, public or non-public. The Court found that Sciuto had made and disseminated false statements concerning the number of imaging centers operated by BodyScan, the company's prospects for growth, and its anticipated earnings. Previously, on March 17, 2005, the Commission filed a complaint against BodyScan and Sciuto, charging them with making a series of materially false and misleading statements, in violation of the antifraud provisions of the Exchange Act. On Aug. 30, 2005, the Court entered a final judgment by default against BodyScan, permanently enjoining it from violating the same antifraud provisions of the federal securities laws and ordering it to pay a civil penalty of $600,000. [SEC v. BODYSCAN CORPORATION and ANTHONY SCIUTO, Civil Action No. SACV 05-256 DOC (RNBx) (C.D. Cal.)] (LR-19672)

Copyright (C) 2006 Federal Information & News Dispatch, Inc.


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