United States Commodity Futures Trading Commission et al v. The Trade Tech Insitute Inc. et al
| United States Commodity Futures Trading Commission and The Commissioner of Corporations of the State of California |
| The Trade Tech Institute Inc., Technology Trading International, Inc., Robert Sorchini and Richard Carter |
| 2:2011cv02163 |
| March 15, 2011 |
| US District Court for the Central District of California |
| Paul L. Abrams |
| George H. King |
| Securities/Commodities |
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The following documents for this case are available for you to view or download:
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Filing
98
JUDGMENT by Judge George H. King, in favor of The Commissioner of Corporations of the State of California, United States Commodity Futures Trading Commission against Technology Trading International, Inc., The Trade Tech Institute Inc., Robert Sorchi ni: as follows: (a) Restitution: Trade Tech is liable for restitution in the amount of $2,386,970.38, of which Sorchini is jointly and severally liable in the amount of $2,212,918.51. Tech Trading is liable for restitution in the amount of $38.847.99, of which Sorchini is jointly and severally liable in the amount of $24,810.38. (b) Disgorgement: Trade Tech is liable for disgorgement in the amount of $2,910,245.10; Tech Trading is liable for disgorgement in the amount o f $423,140.00; and Sorchini is liable for disgorgement in the amount of $764,250.97. (c) Defendants are hereby required to pay pre-judgment interest on the disgorgement and restitution amounts beginning from March 15, 2011, to be paid at t he prevailing underpayment rate established by the Internal Revenue Service pursuant to 26 U.S.C. § 6621. Post-judgment interest on the above amounts shall accrue according to the statutory rate pursuant to 28 U.S.C. § 1961(a). (d) In the event Defendants fail to pay the amounts owed, any Plaintiff that brings an action to enforce this judgment may only use the proceeds obtained consistent with the manner set forth in our June 19, 2012 Order. 2) Plaintiff United States Commodity Futu res Trading Commission shall have judgment against Defendants for civil monetary penalties as follows: Trade Tech is assessed civil monet ary penalties in the amount of $8,730,735.30; Tech Trading is assessed civil monetary penalties in the amou nt of $1,269,420.00; and Sorchini is assessed civil monetary penalties in the amount of $2,292,752.91. Interest on these amounts shall accrue according to the statutory rate pursuant to 28 U.S.C. § 1961(a). 3) Defendants and any of th eir agents, servants, employees, assigns, attorneys, and persons in active concert or participation with Defendants, including any successor thereof, who shall receive actual notice of this injunction by personal service or otherwise, are hereby permanently restrained, enjoined, and prohibited from the following: (see document for further details) (MD JS-6, Case Terminated). (bm)
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Filing
91
CONSENT ORDER OF PERMANENT INJUNCTION And Other Equitable Relief Against Defendant Richard Carter by Judge George H. King. (bm)
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Filing
39
CONSENT ORDER OR PRELIMINARY INJUNCTION AGAINST DEFENDANT RICHARD CARTER by Judge George H. King: Carter, as well as all persons insofar as they are acting in the capacity of agents, servants, employees, successors, assigns, or attorneys of Carter, a nd all persons insofar as they are acting in active concert or participation with Carter who receive actual notice of this Order by personal service or otherwise, are hereby prohibited and restrained from directly or indirectly. This Order shall rema in in full force and effect until further order of this Court, and that this Court retains jurisdiction of this matter. Further, the Courts March 15, 2011 Order (granting the Application) (Docket No. 3) and the terms and conditions set forth therein are incorporated in full herein by reference and shall remain in full force and effect until further order of this Court, except as provided below. Carter may open any such new checking or savings accounts as is necessary to hold and use the wages and other compensation from his current or future employment as well as any other funds, including borrowed monies, from future sources. (See document for further details). (ir)
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Filing
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CONSENT ORDER OF PRELIMINARY INJUNCTION AND FOR OTHER EQUITABLE RELIEF AGAINST DEFENDANT ROBERT SORCHINI by Judge George H. King, This Order shall remain in full force and effect until further order of this Court, and that this Court retains jurisdic tion of this matter for all purposes. Further, the Courts March 15, 2011 Order (granting the Application) (Docket No. 3) and the terms and conditions set forth therein are incorporated in full herein by reference and shall remain in full force and effect until further order of this Court except as provided. (PLEASE REVIEW DOCUMENT FOR FULL AND COMPLETE DETAILS) (lw)
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