Outline of Recent SEC Enforcement Actions - the Utah State Bar

TABLE OF CONTENTS
FINANCIAL FRAUD & OTHER DISCLOSURE AND REPORTING VIOLATIONS ..................... 6
SEC v. Angelo Mozilo, David Sambol, and Eric Sieracki ............................................................................ 6
SEC v. WellCare Health Plans, Inc............................................................................................................... 7
SEC v. Michael Strauss, Stephen Hozie and Robert Bernstein .................................................................... 8
SEC v. Escala Group, Inc., Gregory Manning, and Larry Lee Crawford, CPA ........................................... 9
SEC v. Zurich Financial Services ............................................................................................................... 10
SEC v. David Lee, et al ............................................................................................................................... 12
SEC V. DAVID LEE, ET AL. .......................................................................................................................... 12
SEC V. ANTHONY J. CUTI AND WILLIAM J. TENNANT. .............................................................................. 13
SEC V. AMERICAN ITALIAN PASTA COMPANY ........................................................................................... 14
SEC V. TIMOTHY S. WEBSTER .................................................................................................................... 14
SEC V. WARREN B. SCHMIDGALL AND DAVID E. WATSON ....................................................................... 14
SEC V. STEPHANIE S. RUSKEY .................................................................................................................... 14
SEC V. EL PASO CORPORATION .................................................................................................................. 15
SEC V. JOHN MICHAEL KELLY, STEVEN E. RINDNER, JOSEPH A. RIPP, AND MARK WOVSANIKER, ......... 17
SEC V. DAVID M. COLBURN, ERIC L. KELLER, JAMES F. MACGUIDWIN, AND JAY B. RAPPAPORT .......... 17
SEC V. CONRAD M. BLACK, F. DAVID RADLER AND HOLLINGER INC. ..................................................... 18
SEC V. W.P. CAREY & CO. LLC ET AL. ...................................................................................................... 19
CASES INVOLVING STOCK OPTION BACKDATING ................................................................... 21
SEC v. Ulticom, Inc. ................................................................................................................................... 21
SEC v. Lisa M. Roberts .............................................................................................................................. 21
SEC v. Comverse Technology, Inc. ............................................................................................................ 21
SEC v. Monster Worldwide, Inc. ................................................................................................................ 23
SEC v. Gary A. Ray .................................................................................................................................... 23
SEC v. Take-Two Interactive Software, Inc. .............................................................................................. 24
SEC v. Quest Software, Inc., Vincent C. Smith, John J. Laskey, and Kevin E. Broo ................................ 25
SEC v. Research in Motion Limited, et al. ................................................................................................. 26
SEC v. UnitedHealth Group Inc. ................................................................................................................ 28
SEC v. David J. Lubben .............................................................................................................................. 28
SEC V. BLUE COAT SYSTEMS, INC. AND ROBERT P. VERHEECKE .............................................................. 30
SEC V. SYCAMORE NETWORKS, INC., ET AL. .............................................................................................. 30
SEC V. HENRY T. NICHOLAS III, HENRY SAMUELI, WILLIAM J. RUEHLE, AND DAVID DULL ................... 32
SEC V. BROADCOM CORP. .......................................................................................................................... 32
SEC V. NANCY M. TULLOS ......................................................................................................................... 32
CASES INVOLVING ACCOUNTANTS AND AUDITORS ................................................................ 34
SEC v. Whispering Winds Properties, LLC; et al. ..................................................................................... 34
SEC V. David G. Friehling, C.P.A and Friehling & Horowitz, CPA's, P.C. .............................................. 34
SEC v. Stanford International Bank, Ltd., et al. ......................................................................................... 35
SEC V. SCOTT HIRTH ET AL. ....................................................................................................................... 35
CASES INVOLVING FOREIGN PAYMENTS .................................................................................... 37
OIL FOR FOOD CASES ................................................................................................................................. 37
SEC v. Novo Nordisk A/S .......................................................................................................................... 37
SEC v. Fiat S.p.A. and CNH Global N.V. .................................................................................................. 38
SEC v. Siemens Aktiengesellschaft ............................................................................................................ 40
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