Defendant Name: Pacel Corporation

Defendant Type: Other

Initial Case Details

Legal Case Name SEC v. Frank J. Custable, Jr., Sara Wetzel, Suburban Capital Corporation, Francis Scott Widen, Wasatch Pharmaceutical Inc., David Giles, Gary Heesch, Pacel Corporation, David Calkins, Gateway Distributors, Ltd., Richard Bailey, and Thermoelastic Technologies, Inc.
First Document Date 01-Apr-2003
Initial Filing Format Civil Proceeding
Case Number 03-cv-02182
Allegation Type Issuer Reporting and Disclosure
Federal District Court Illinois, Northern District of Illinois

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date

Related Documents:

comp18057 01-Apr-2003 Complaint
Complaint for Injunctive and Other Equitable Relief
According to the SEC: "This case concerns an ongoing scheme to violate the registration, antifraud and reporting provisions of the federal securities laws. Defendant Frank J. Custable, Jr. ("Custable"), a recidivist securities law violator, has orchestrated the multi-faceted scheme from its inception in 2001 until the present. Custable's scheme has involved the securities of at least seven small public companies and has generated more than $4 million in ill-gotten gains."

Other Defendants in Action:

Blagman Media International, Inc.
ThermoElastic Technologies, Inc.
Wasatch Pharmaceutical, Inc.
Richard Bailey
Gateway Distributors, Ltd.
Gary Heesch
Francis Scott Widen
Suburban Capital Corporation
Sara Wetzel
Frank J. Custable, Jr.
David Calkins
David Giles