Defendant Name: GenesisIntermedia, Inc.

Defendant Type: Public Company
SIC Code: 7311
CUSIP: 37184Y10

Initial Case Details

Legal Case Name SEC v. Ramy Y. El-Batrawi, GenesisIntermedia, Inc., Ultimate Holdings, Ltd., Adnan M. Khashoggi, Richard J. Evangelista, Wayne Breedon, and Douglas E. Jacobson
First Document Date 13-Apr-2006
Initial Filing Format Civil Proceeding
Case Number 06-cv-02247
Allegation Type Market Manipulation
Federal District Court California, Central District of California

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
Securities Act
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Additionally, Douglas E. Jacobson is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Ramy Y. El-Batrawi is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Douglas E. Jacobson is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Ramy Y. El-Batrawi is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Douglas E. Jacobson is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Ramy Y. El-Batrawi is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Douglas E. Jacobson is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Ramy Y. El-Batrawi is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Douglas E. Jacobson is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Ramy Y. El-Batrawi is alleged to have aided and abetted GenesisIntermedia, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).

Resolutions

First Resolution Date 01-Apr-2010
Headline Total Penalty and Disgorgement $82,620

Related Documents:

complaint_06-cv-02247 13-Apr-2006 Complaint
Complaint
In the Complaint, the SEC alleged that: "Between September 1999 and September 2001, Defendants Ramy Y. El-Batrawi and Adnan M. Khashoggi, with the participation of Defendants GenesisIntermedia, Inc. ('GENI'), Ultimate Holdings, Ltd, Richard J. Evanglista, Wayne Breedon and others, engaged in a scheme to manipulate the stock price of GENI, a now-defunct public company, and misappropriated more than $130 million in the process."
court_doc161_06-cv-02247 01-Apr-2010 Court Docket Document
Final Judgment as to Defendant GenesisIntermedia, Inc.
On April 1, 2010, Judge Christina A. Snyder entered Final Judgment as to defendant GenesisIntermedia, Inc. GenesisIntermedia, Inc. consented to the entry of the Final Judgment without admitting or denying the allegations of the SEC's complaint.
LR-21475 02-Apr-2010 Litigation Release
Litigation Release
On April 2, 2010, the SEC published a litigation release announcing that a final judgment against GenesisInstermedia Inc. and others was entered, by consent.

Other Defendants in Action:

Ultimate Holdings, Ltd.
Adnan M. Khashoggi
Douglas E. Jacobson
Richard J. Evangelista
Wayne Breedon
Ramy Y. El-Batrawi

Related Actions:

In the Matter of Richard J. Evangelista
Richard J. Evangelista
SEC v. Kenneth P. D'Angelo and RBF International, Inc.
Kenneth P. D'Angelo
RBF International, Inc.
SEC v. Courtney D. Smith
Courtney D. Smith