Securities and Exchange Commission v. Keenan Gracey

Filing 24

DEFAULT JUDGMENT AGAINST KEENAN GRACEY by Judge Andre Birotte Jr.: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the Securities and Exchange Commission's ("SEC") Application for Entry of Default Judgment Against Defendant Keenan Gra cey 21 is GRANTED. Defendant is permanently restrained and enjoined from, directly or indirectly, in the issuance, purchase, offer or sale of any securities, etc. Defendant is liable for disgorgement $4,403,500, representing profits gained as a result of the conduct alleged in the complaint, together with prejudgment interest thereon in the amount of $37,873.22, and a civil penalty in the amount of $4,403,500, pursuant to Section 20(d) of the Securities Act, 15 U.S.C. Section 77 t(d), and Section 21(d)(3) of the Exchange Act, 15 U.S.C. Section 78u(d)(3). Defendant shall satisfy this obligation by paying $8,844,873.22 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. IT IS HEREB Y ORDERED, ADJUDGED, AND DECREED that within three days after being served with a copy of this Final Judgment, JP Morgan Chase, Wells Fargo, N.A., and Union Bank shall transfer the entire balance of the bank account(s) which were frozen to the Commission. See document for further details. ( MD JS-6. Case Terminated ) (gk)