Defendant Name: Escala Group, Inc.

Defendant Type: Public Company
SIC Code: 7380
CUSIP: 29605W10

Initial Case Details

Legal Case Name SEC v. Escala Group, inc., Gregory Manning, Larry Lee Crawford, CPA
First Document Date 23-Mar-2009
Initial Filing Format Civil Proceeding
Case Number 09-cv-02646
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

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)
• Sec 13(b)(2)(B)
Additionally, Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(a) of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(a) of the Exchange Act.
Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Gregory Manning is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Larry Lee Crawford, CPA is alleged to have aided and abetted Escala Group, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 23-Mar-2009

Related Documents:

comp20965 23-Mar-2009 Complaint
Complaint
On March 23, 2009, the SEC filed a complaint against Escala Group, Inc. The Commission stated: "This is a disclosure and accounting fraud case that concerns fraudulent related party transactions between Escala, then a Nasdaq-listed company in the collectibles market, and its parent company, Afinsa Bienes Tangibles, S.A. ("Afinsa"), a privately held Spanish company that sold investments in portfolios of stamps in Europe, in connection with sales that became part of what Spanish criminal authorities have called a ponzi or pyramid scheme."
LR-20965 23-Mar-2009 Litigation Release
SEC Charges Escala Group, Inc., its Former CEO and CFO with Disclosure and Accounting Fraud Concerning Related Party Transactions with Parent Company Afinsa
The SEC stated that: "[It] y filed a disclosure and accounting fraud case against then-NASDAQ National Market issuer Escala Group, Inc.; its founder and former CEO Gregory Manning, 62; and its former CFO Larry Lee Crawford, 60, alleging fraudulent related party transactions between Escala and its parent company, Afinsa Bienes Tangibles, S.A. ("Afinsa")."
court_doc3_09-cv-02646 30-Mar-2009 Court Docket Document
Final Judgment as to Defendant Escala Group Inc.
On March 30, 2009, the Court issued a final judgment against Defendant Escala Group, Inc. The Court stated: "Defendant Escala Group, Inc. . . . consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of facts and conclusions of law; and waived any right to appeal from this Final Judgment."

Other Defendants in Action:

Gregory Manning
Larry Lee Crawford, CPA