SEC Strikes Deal With Another China Voice Ponzi Player

Law360, New York (September 23, 2011, 4:46 PM EDT) -- The U.S. Securities and Exchange Commission on Friday settled with another player in the alleged $8.6 million Ponzi scheme run by telecommunications provider China Voice Holding Corp., the latest defendant to come to terms with the commission.

According to the consent decree, Gerald Patera, on behalf of himself and his two companies — Capital Bankers Group Ltd. and Third Securities Corp. — is neither admitting nor denying his role as a broker in the alleged scam but agreed to pay the disgorgement of his allegedly ill-begotten...
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Case Information

Case Title

Securities and Exchange Commission v. Allen et al


Case Number

3:11-cv-00882

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

Reed C O'Connor

Date Filed

April 28, 2011

Government Agencies

UK Financial Services

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