Securities and Exchange Commission v. Patric Ken Baccam et al
| Securities and Exchange Commission |
| Patric Ken Baccam, Precision Research Group LLC and Prim Group LLC |
| 5:2017cv00172 |
| January 31, 2017 |
| US District Court for the Central District of California |
| S. James Otero |
| Sheri Pym |
| Securities/Commodities |
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Filing
36
FINAL JUDGMENT BY DEFAULT AGAINST DEFENDANT PATRIC KEN BACCAM, AND RELIEF DEFENDANTS PRECISION RESEARCH GROUP LLC AND PRIM GROUP LLCfiled by Judge S. James Otero: Defendant Baccam is liable for disgorgement of $332,943.with prejudgment interest thereon in the amount of $68,982, for a total of$401,925. Defendant Baccam and Relief Defendant Precision Research are furtherliable, jointly and severally, for $203,756, representing profits gained as a result of the conduct alleged in the SECs Complaint that is attributable to both Defendant Baccam and Relief Defendant Precision Research, together with prejudgment interest thereon in the amount of $29,881, for a total of $233,637. Finally, Defendant Baccam and Relief Defendant Prim Group are liable, jointly and severally, for $94,000, representing profits gained as a result of the conduct alleged in the SECs Complaint that is attributable to both Defendant Baccam and Relief Defendant Prim Group, together wit h prejudgment interest thereon in the amount of $17,067, for a total of $111,067.DefendantBaccam shall pay a civil penalty in the amount of $203,756 to the Securities andExchange Commission. (SEE DOCUMENT FOR OTHER SPECIFICS AND INSTRUCTIONS THEREIN)(MD JS-6. Case Terminated) (lc)
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