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SUMMARY OF RECENT ENFORCEMENT ACTIONS TAKEN

BY THE OHIO DEPARTMENT OF COMMERCE’S DIVISION OF SECURITIES

 

 

At the request of media representatives, the Ohio Department of Commerce’s Division of Securities releases a summary list of Division Orders and enforcement actions recently brought by the Division’s Enforcement Section.

 

Before reporting information based on this INFORMATION RELEASE, the Department suggests that reporters request additional detail as to the nature of the Division Order or enforcement action.

 

#     #     #

 

For more information, please contact Dennis Ginty at (614) 644-9564 or Bill Teets at (614) 644-7187.

 

 

**INFORMATION RELEASE**

 

February 1 through February 28, 2001

 

ENFORCEMENT ADMINISTRATIVE ACTIONS

 

Order No.	Name of Entity	Date	Type of Order
01-029	John Francis Mara CRD No. 1646745 327 Springs Road Bedford, MA  01730	2/2/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-030	Howard Gostfrand CRD No. 2307133 1643 Brickell Avenue #1106 Miami, FL  33129	2/2/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-031	Douglas Edsel Carter CRD No. 1631443 300 Fenton Place Charlotte, NC  28207	2/2/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-032	Larry Alan Brooks CRD No. 31624 205 Elmhurst Sacramento, CA  95825	2/5/01	Termination of Order 00-299
01-033	Emanuele Anthony Scarso CRD No. 2080536 9951 Shore Road Brooklyn, NY  11209	2/5/01	Termination of Order 00-443
01-034	Thomas Francis Leahy CRD No. 1218608 123 West 4th Street Apt. 6B New York, NY  10036	2/5/01	Termination of Order 00-492
01-035	Harrison Moncure Geho CRD No. 2361637 611 Elmwood Terrace Rochester, NY  14620	2/5/01	Termination of Order 00-317
01-036	Joseph Edward Erwin CRD No. 1418758 1811 Ivanhoe Court Columbus, OH  43220	2/5/01	Revocation of Ohio Securities Salesperson License
01-037	Ascot Bloodstock Inc. 5300 Sahara Avenue Suite 101 Las Vegas, NV  89146	2/6/01	Cease and Desist Order
01-038	David M. Cody 7015 Carriage Hill 3206 Brecksville, OH  44141	2/8/01	Notice of Opportunity for Hearing
01-039	Bryan Richard Clancy CRD No.2246090 590 Willis Avenue Williston Park, NY  11596	2/12/01	Final Order to Deny Application for Securities Salesperson License
01-040	Masoud Hamoud Navard CRD No. 2185615 2217 Hedgerow Road #H Columbus, OH  43220	2/12/01	Notice of Opportunity for Hearing
01-041	John Francis Mara CRD No. 1646745 327 Springs Road Bedford, MA  01730	2/20/01	Termination of Order 01-029
01-042	Howard Gostrfrand CRD No. 2307133 1643 Brickell Avenue #1106 Miami, FL  33129	2/21/01	Termination of Order 01-030
01-043	Richard Joseph Gambale; and Empire Properties 1116 Banner Avenue Brooklyn, NY  11235	2/21/01	Cease and Desist Order
01-044	Jeffrey Jay Gollehon CRD No. 1212338 15 Sandpiper Drive Whispering Pines, NC  28327	2/21/01	Cease and Desist Order
01-045	William L. Johnston CRD No. 1575815 1320 Newman Drive Zanesville, OH  43701	2/21/01	Notice of Opportunity for Hearing
01-046	Mark E. Szczepinski 1603 Denley Avenue Cleveland, OH  44109	2/21/01	Cease and Desist with Consent Agreement
01-047	Walter W. Jenkins CRD No. 1049271 73 West Royal Forest Blvd. Columbus, OH  43214	2/21/01	Notice of Opportunity for Hearing
01-048	Kevin Lee Miller CRD No. 1613699 5837 Coachmont Drive Fairfield, OH  45014	2/21/01	Cease and Desist with Consent Agreement
01-049	Anthony Graham Gilchrist CRD No. 2310911 146 Emeline Street Providence, RI  02906	2/21/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-050	Gene Paul Ramos CRD No. 2414642 5 Daytona Beach Place Coram, NY  11727	2/21/01	Final Order to Deny Application for Securities Salesperson License
01-051	Mark Steven Goodman CRD No. 852456 702 Canyon View Drive Laguna Beach, CA  92651	2/21/01	Final Order to Deny Application for Securities Salesperson License
01-052	Michael John Mussay CRD No. 2147562 1745 Fairport Drive Grayslake, IL  60030	2/21/01	Final Order to Deny Application for Securities Salesperson License
01-053	Gaines Cass Walker CRD No. 728023 1219 Whitower Drive Knoxville, TN  37919	2/21/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-054	Douglas Wayne Magnuson CRD No. 2592996 78 Malone Avenue Long Beach, NY  11561	2/21/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-055	Adam Harold Kaplan CRD No. 2436956 1571 East 98th Street Brooklyn, NY  11236	2/22/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-056	Andrew Scott Penser CRD No. 1971579 600 Pine Hollow Road Apt. 13-7B East Norwich, NY  11732	2/26/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-057	DM Mortgage Investors LLC 2901 El Camino Avenue Suite 206 Las Vegas, NV  89102	2/27/01	Suspension of Registration Number 22990 and any Dealer to Buy, Sell or Deal in Securities Purported to be Registered Under Registration Number 22990 Other Than in Transactions by Existing Shareholders to the Issuer and Exempt Pursuant to Section 1707.03(D); and Notice of Hearing
01-058	Michael Anthony Boston CRD No. 2479082 105-63 134th Street South Richmondhill, NY  11419	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01--059	Mark Fred Augusta CRD No. 1333913 120 North Helix Avenue Solana Beach, CA  92075	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-060	Joseph Marc Liner CRD No. 4237535 3106 Hatton Road Baltimore, MD  21208	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-061	Henry Corrao CRD No. 1455690 2505 Osage Place Seaford, NY  11783	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-062	David Martin Nussbaum CRD No. 1631483 83 Villagae Road Roslyn, NY  11576	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing
01-063	James Robert Nunn CRD No. 813949 12744 Bennington Common Lane St. Louis, MO  63146	2/28/01	Notice of Intent to Deny Application for Securities Salesperson License; Notice of Opportunity for Hearing

 

 

 

Criminal Activity

 

The 6th Circuit Court of Appeals denied Albert J. DeSantis' petition for rehearing en banc in an Order issued by the Court on February 7, 2001.  On December 13, 2000, the Sixth Circuit U.S. Court of Appeals had affirmed Albert J. DeSantis' September 17, 1998 federal conviction and sentence.  On September 17, 1998, DeSantis was convicted on one count of securities fraud and five counts of mail fraud following a jury trial in U.S. District Court in Columbus.  He was sentenced on March 12, 1999 to 51 months imprisonment, 3 years probation, and ordered to pay restitution to investors of over $1.6 million.  This was a retrial of his earlier conviction on the same case, after the Sixth Circuit Court of Appeals overturned his first conviction on judicial error.  DeSantis' conviction stemmed from the marketing and sales of limited partnership interests to investors in Campus Businesses Limited Partnership, which included a number of the campus bar businesses in the Ohio State University area.

 

On February 9, 2001, U.S. District Court Judge James Graham accepted Joseph Erwin’s guilty plea to mail and wire fraud counts associated with his activities at Eisner Securities.  Erwin embezzled $2.6 million from customer accounts during a 3.5 year period.  A sentencing date has not been set.  The Ohio Division of Securities suspended Erwin’s securities salesman license in September 2000, and thereafter, revoked his license on February 5, 2001.

 

 

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