| FOR IMMEDIATE RELEASE OCTOBER 24, 1997 |
Contact: Bill
Teets at (614) 644-7187 |
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.
# # #
**INFORMATION RELEASE**
September 25, 1997 through October 24, 1997
ENFORCEMENT ORDERS:
| FILE NO. | SUBJECT | TYPE OF ORDER | EFFECTIVE DATE |
| 97-329 | Philip Eneo Teseo, Jr. CRD Number 2281866 70 West Broadway PH 10 Long Beach, NY 11561 |
Termination of Division Order No. 97-298 | 9/25/97 |
| 97-330 | Thomas Ginas CRD Number 2744935 22 Lincoln Road Medford, NY 11763 |
Termination of Division Order No. 97-221 | 9/25/97 |
| 97-331 | Chris Michael Manettas CRD Number 2274927 232 Bay 13 Street Brooklyn, NY 11214 |
Termination of Division Order No. 97-295 | 9/25/97 |
| 97-332 | Paul Andrew Giordano CRD Number 1790874 305 East 95th Street Apt. #1E New York, NY 10128 |
Termination of Division Order No. 97-222 | 9/25/97 |
| 97-333 | John Shkreli CRD No. 2529354 2451 Barnes Avenue Bronx, NY 10467 |
Termination of Division Order No. 97-286 | 9/25/97 |
| 97-334 | Jeffrey Emanuel Judkins CRD Number 1125669 280 SW 7th Street Boca Raton, FL 33432 |
Termination of Division Order No. 97-297 | 9/25/97 |
| 97-335 | Michael Publiese CRD Number 2400599 100 West Broadway Atp. #6W Long Beach NY 11561 |
Termination of Division Order No. 97-300 | 9/25/97 |
| 97-336 | EDP Capital Group, Inc. 1100 N.E. Loop 410 Suite 900 San Antonio, TX 78209 |
Final Order to Cease and Desist | 9/25/97 |
| 97-337 | Shelby Heman 1100 N.E. Loop 410 Suite 900 San Antonio, TX 78209 |
Final Order to Cease and Desist | 9/25/97 |
| 97-338 | Shopping America, Inc. 3412 Baker Street Erlanger, KY 41018 |
Final Order to Cease and Desist | 9/29/97 |
| 97-339 | Timothy C. Bartelt 395 Oak Creek Street Apt. 409 Wheeling, IL 60090 |
Final Order to Cease and Desist | 9/30/97 |
| 97-340 | Fact Gold Technologies
Canada, Ltd.; Richard Furrer; M. Ward Hughes 1886 West 1st Avenue Vancouver, BC, Canada V6J 1G5 |
Termination of Division Order No. 97-261 | 8/25/97 |
| 97-341 | Fact Gold Technologies
Canada, Ltd.; Richard Furrer; M. Ward Hughes 1886 West 1st Avenue Vancouver, BC, Canada V6J 1G5 |
Final Order to Cease and Desist Order | 10/2/97 |
| 97-342 | Anthony Joseph Colombo CRD Number 1887651 1706 74th Street Brooklyn, NY 11204 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/3/97 |
| 97-343 | Michael John Petrucelli CRD Number 1183809 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/3/97 |
| 97-344 | David F. Klima 14747 Hillcrest Avenue Middlefield, OH 44062; Investors United for Humanitarian Advancement; and GM Diversified Trust Post Office Box 1301 Middlefield, OH 44062 |
Cease and Desist Order | 10/3/97 |
| 97-345 | Edward Adolph Lewis CRD Number 2141849 15950 High Knoll Road Encino, CA 91436 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/7/97 |
| 97-346 | Joseph Paul Ferrante CRD Number 1172886 3722 Westerman Street Houston, TX 77005 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/9/97 |
| 97-347 | Eric Todd Gelfand CRD Number 2330436 10 Old Jackson Avenue #70 Hastings On Hudson, NY 10706 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/9/97 |
| 97-348 | Marie Isabel Guervara CRD Number 1201335 1042 N. Royal Street Alexandria, VA 22314 |
Termination of Division Order No. 97-318 | 10/9/97 |
| 97-349 | Ronnie Anthonie Sparrow CRD Number 2735185 87 Albion Place Staten Island, NY 10302 |
Termination of Division Order No. 97-174 | 10/9/97 |
| 97-350 | Michael Gay Hooker CRD Number 249658 3828 Clay Street San Francisco, CA 94118 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/9/97 |
| 97-351 | Wilder Richman Securities
Corp. 599 West Putnam Avenue Greenwich, CT 06830 |
Revocation of Ohio Securities Dealer License No. 204024 | 10/10/97 |
| 97-352 | John J. Zur, Jr.; Ward Investment Co. 6555 Wilson Mills Road #104 Mayfield Village, OH 44143 |
Cease and Desist Order | 10/10/97 |
| 97-353 | Wilmington Brokerage
Services Company BD CRD Number 14942 1100 North Market Street Wilmington, DE 19890 |
Notice of Opportunity for Hearing | 10/10/97 |
| 97-354 | Frederick Butler Higbie CRD Number 604576 54-937 Inverness LaQuinta, CA 92253 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-355 | Brett Cohen CRD Number 2569579 6604 Avenue T Brooklyn, NY 11234 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-356 | Robert Dean Bronfman CRD Number 836754 1365 York Avenue 4F New York, NY 10021 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-357 | Scott Jason Siegel CRD Number 2371400 16 Herrick Avenue Dix Hills, NY 11746 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-358 | Farid Dallal CRD Number 2506662 2 Burburry Lane Great Neck, NY 11023 |
Termination of Division Order No. 97-307 | 10/14/97 |
| 97-359 | John Philip Boesel, III CRD Number 714245 4331 East Calle Redondo Phoenix, AZ 85018 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-360 | Michael James Brassill CRD Number 1563566 300 Edwards Street Roslyn Heights, NY 11577 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-361 | Alfred Arthur Napolitano CRD Number 1125072 10 Aspen Circle St. James, NY 11780 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/14/97 |
| 97-362 | Home Net General
Partnership CRD Number 40962; Van Austin CRD Number 8979051; James C. Q. Slaton CRD Number 8979380; and World Net Development Group, Inc. CRD Number 40963 2633 Lincoln Blvd. Suite 505 Santa Monica, CA 90405 |
Cease and Desist | 10/15/97 |
| 97-363 | Francis Hatten Phillips CRD Number 1563566 124 Hampton Place Nashville, TN 37215 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/15/97 |
| 97-364 | Luis Rodolfo Loza CRD Number 2132034 2611 West Winona Chicago, IL 60625 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/15/97 |
| 97-365 | James Joseph Roppel CRD Number 1795038 1105 South Washington Park Ridge, IL 60068 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/15/97 |
| 97-366 | Richard Chong Park CRD Number 2605893 2249 East Glenoaks Blvd. Glendale, CA 91206 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/15/97 |
| 97-367 | Guy Gregory Clemente 1146 2nd Avenue Apt. B1 New York, NY 10021 |
Termination of Division Order No. 97-303 | 10/15/97 |
| 97-368 | Jeffrey Douglas Goldberg CRD Number 2428375 43 Forsythia Lane Jericho, NY 11753 |
Termination of Division Order No. 97-294 | 10/15/97 |
| 97-369 | Victor Joseph Difrisco CRD Number 1922218 750 Shorewalk Lindenhurst, NY 11757 |
Termination of Division Order No. 97-319 | 10/15/97 |
| 97-370 | Daniel Earl Wood CRD Number 2134937 7621 Eads Avenue #3G LaJolla, CA 92037 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/15/97 |
| 97-371 | Jeffrey Allen Gelber CRD Number 1820592 7 Bon Price Lane Olivette, MO 63132 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/16/97 |
| 97-372 | Reyard Steven Saadien CRD Number 2745052 2937 Palmerston Avenue West Vancouver, BC V7V 2X2 |
Notice of Intent to Deny Application for Securities Salesman License; Notice of Opportunity for Hearing | 10/16/97 |
| 97-373 | Ira Alan Sussman CRD Number 440271 24 Burning Tree Road Greenwich, CT 06830 |
Termination of Division Order No. 97-074 | 10/20/97 |
| 97-374 | Cris David Sagnelli CRD Number 1575144 1109 Walthorne Road Savannah, GA 31410 |
Final Order to Deny Application for Securities Salesman License | 10/21/97 |
| 97-375 | Gregory Paul Jones CRD No. 1665512 5876 Winchester Drive Milford, OH 45150 |
Final Order (no issuance of a Cease & Desist) |
10/21/97 |
ENFORCEMENT ACTIVITY
On October 3, 1997, Joseph T. Nemchik was sentenced by Lorain County Common Pleas Court Judge Thomas W. Janas to 12 years imprisonment and ordered to make restitution. Nemchik had plead no contest to 121 felony counts on July 15, 1997, and was found guilty on all counts. He sold secured promissory notes issued by his company, Government Financial and told investors the notes were insured. Nemchik was a licensed securities salesman and an investment adviser registered with the SEC at the time. Victims lost more than $1 million.
On October 7, 1997, Robert T. King of Dublin, Ohio was indicted by a Richland County Grand Jury on five felony counts. The counts include one felony count each of the unregistered sale of securities, unlicensed sale of securities, misrepresentations in the sale of securities, publication of false statements involving securities, and theft. He was arrested on October 10, 1997 and subsequently transferred to Richland County.
On October 17, 1997, Kurt Fuchs was sentenced to six years imprisonment in Lorain County, Ohio. Fuchs plead guilty on August 1, 1997, to 21 felony theft counts, after he was indicted on October 29, 1996. Fuchs was involved in investment sales with Joseph T. Nemchik.
[Commerce Home Page] [Commerce News Releases] [State of Ohio Front Page]
Send mail to Postmaster@com.state.oh.us
with questions or comments about this web site.
Information believed accurate but not guaranteed. The State of Ohio disclaims
liability for any errors or omissions.
Copyright © 1998 The Ohio Department of Commerce