Securities and Exchange Commission v. McAdams et al

Filing 151

JUDGMENT in favor of Plaintiff Securities and Exchange Commission against Defendants M. Mark McAdams and R. Dane Freeman. (dsto, )

AO 450 (SCD 04/2010) Judgment in a Civil Action

UNITED STATES DISTRICT COURT
for the
District of South Carolina

Securities and Exchange Commission

)
)
)
)
)

Plaintiff

v.
M. Mark McAdams, R. Dane Freeman
Defendant

Civil Action No.

4:10-cv-701-TLW

JUDGMENT IN A CIVIL ACTION
The court has ordered that (check one):
’ the plaintiff (name)

recover from the defendant (name)

which includes prejudgment interest at the rate of

the amount of

%, plus postjudgment interest at the rate of

dollars ($

),

%, along with

costs.
’ the plaintiff recover nothing, the action be dismissed on the merits, and the defendant (name)
recover costs from the plaintiff (name)

.

U other: Default Judgment is entered in favor of Plaintiff, Securities and Exchange Commission, and against Defendant R. Dane
Freeman. Defendant R. Dane Freeman shall pay a third-tier civil penalty in the amount of One Hundred Twenty Thousand and
00/100 ($120,000.00) Dollars pursuant to Section 20(d) of the Securities Act, 15 U.S.C. § 17t(d), and Section 21(d)(3) of the
Exchange Act, 15 U.S.C. § 78u(d)(3).
Judgment is entered in favor of Plaintiff, Securities and Exchange Commission, and against Defendant M. Mark
McAdams. Defendant M. Mark McAdams shall pay a third-tier civil penalty in the amount of One Hundred Twenty Thousand and
00/100 ($120,000.00) Dollars pursuant to Section 20(d) of the Securities Act, 15 U.S.C. § 17t(d), and Section 21(d)(3) of the
Exchange Act, 15 U.S.C. § 78u(d)(3).
Defendants M. Mark McAdams and R. Dane Freeman are jointly and severally liable for disgorgement of Three Million
Five Hundred Thousand and 00/100 ($3,500,000.00) Dollars, representing moneys gained as a result of the conduct alleged in the
Complaint, together with prejudgment interest in the amount of Seven Hundred Eighty Seven Thousand Seven Hundred Ninety Four
and 28/100 ($787,794.28) Dollars, for a total of Four Million Two Hundred Eighty Seven Thousand Seven Hundred Ninety Four and
28/100 ($4,287,794.28)Dollars.
The Commission may enforce this Court’s Order for disgorgement and prejudgment interest through collection procedures
authorized by law after thirty (30) days following the entry of this judgment. Defendants shall pay post-judgment interest on any
delinquent amounts pursuant to 28 U.S.C. § 1961.

’ tried by the Honorable

presiding, without a jury and the above decision was reached.

U decided by the Honorable Terry L. Wooten, Chief United States District Judge, who grants Plaintiff’s Motions for Judgment.

Date: March 1, 2013

Larry W. Propes
CLERK OF COURT
s/Debbie Stokes
Deputy Clerk