Defendant Name: Pacel Corporation

Defendant Type: Other

Document Reference: comp18057

Document 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, Thermoelastic Technologies, Inc. (defendants), Pine Services, Ltd., (Relief Defendant)
Document Name Complaint for Injunctive and Other Equitable Relief
Document Date 01-Apr-2003
Document Format Civil Proceeding
Case Number 03-cv-02182
Federal District Court Illinois, Northern District of Illinois
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."