You’ve already admitted it was a civil matter, b
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Posted On: 01/20/2023 12:23:47 PM
Re: Coat Tail Rider #7068
You’ve already admitted it was a civil matter, but you continue to refer to it as a criminal matter as well as misrepresent the charges.
From your link. Not liable for aiding and abetting, among other things, which is what Kyle settled with the SEC.
In Kyle’s case he met with the CONVICTED fraudster daily in the CONVICTED fraudsters office.
The jury found Spartan not liable for violating Section 15(c)(2) of the Exchange Act and Rule 15c2-11 thereunder and found Dilley, Eldred and defendant David D. Lopez not liable for aiding and abetting those alleged violations. The jury also found Spartan, Island, Dilley and Eldred not liable for violating or aiding and abetting alleged violations of Section 17(a) of the Securities Act of 1933 ("Securities Act"
and Rules 10b-5(a) and (c) of the Exchange Act, and not liable for violating Sections 5(a) and 5(c) of the Securities Act.
The one finding of liable has been appealed.
After a 12-day trial in July 2021, the jury returned a verdict in favor of Appellants on 13 of the 14 counts charged. The sole remaining count in favor of SEC—that Appellants made materially misleading statements or omissions in connection with the purchase of the issuers’ securities—led the court to award various monetary and equitable remedies, including disgorgement.
NCLA released the following statements:
“On the eve of the statute of limitation period running, SEC filed a vastly over-pled complaint. Since then, it has become obvious that the SEC never should have filed this case. The jury below rejected 13 of 14 counts, and the sole verdict in SEC’s favor is not supported by legally sufficient evidence. The court erred at critical junctures throughout this case, to the detriment of our clients. We look forward to the Eleventh Circuit hearing this case and vindicating our clients on the only remaining count.”
— Kara Rollins, Litigation Counsel, NCLA
https://nclalegal.org/2023/01/ncla-calls-on-1...e-brought/
From your link. Not liable for aiding and abetting, among other things, which is what Kyle settled with the SEC.
In Kyle’s case he met with the CONVICTED fraudster daily in the CONVICTED fraudsters office.
The jury found Spartan not liable for violating Section 15(c)(2) of the Exchange Act and Rule 15c2-11 thereunder and found Dilley, Eldred and defendant David D. Lopez not liable for aiding and abetting those alleged violations. The jury also found Spartan, Island, Dilley and Eldred not liable for violating or aiding and abetting alleged violations of Section 17(a) of the Securities Act of 1933 ("Securities Act"
and Rules 10b-5(a) and (c) of the Exchange Act, and not liable for violating Sections 5(a) and 5(c) of the Securities Act. The one finding of liable has been appealed.
After a 12-day trial in July 2021, the jury returned a verdict in favor of Appellants on 13 of the 14 counts charged. The sole remaining count in favor of SEC—that Appellants made materially misleading statements or omissions in connection with the purchase of the issuers’ securities—led the court to award various monetary and equitable remedies, including disgorgement.
NCLA released the following statements:
“On the eve of the statute of limitation period running, SEC filed a vastly over-pled complaint. Since then, it has become obvious that the SEC never should have filed this case. The jury below rejected 13 of 14 counts, and the sole verdict in SEC’s favor is not supported by legally sufficient evidence. The court erred at critical junctures throughout this case, to the detriment of our clients. We look forward to the Eleventh Circuit hearing this case and vindicating our clients on the only remaining count.”
— Kara Rollins, Litigation Counsel, NCLA
https://nclalegal.org/2023/01/ncla-calls-on-1...e-brought/
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