Really? A statement to stop engaging in fraud in

Really? A statement to stop engaging in fraud in the future.

Could you copy and paste that...I seem to have missed that one.

The company did say that it was choosing to go to trial and defend itself. To that end it produced a point by point response to the SEC's charges. Including things like saying they had a sworn statement from the accountant saying the JB did not do the things the SEC alleged that he directed that person to do.

The SEC then came back to the table and offer a settlement that was WAY less expensive than going to trial.

So let me put this in historical perspective for you. The SEC announced a Wells notice. The company assisted the SEC in the investigation. The company and the SEC discussed a settlement, What the SEC wanted the company found unacceptable. The SEC filed charges. The company said lets go to trial and filed a response to the charages. The SEC then came back with a settlement agreement that the company could live with. The company choose to settle.

Only an idiot with money to burn would choose to go to trial to avoid a settlement that is far cheaper than the cost of a trial. No one with a brain chooses to go to trial where the outcome is never certain no mater how sound the defense is. Strange things can happen in a trial that make no sense.

The estimated cost of a trial with the SEC is close to $1 mil. plus the uncertainty of the outcome.

Oh, and the company nor JB admitted liability.