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U.S. SECURITIES AND EXCHANGE COMMISSION v. E-SMART TECHNOLOGIES, INC. et al

  1. March 31, 2016

    SEC Beats E-Smart Execs' 'Hyperbolic' Sanctions Bid

    A D.C. federal judge on Wednesday denied a bid to sanction the U.S. Securities and Exchange Commission filed by executives of smart-card maker e-Smart, saying the "hyperbolic accusations" that SEC counsel acted improperly didn't rise to the level of fraud on the court.

  2. January 15, 2016

    E-Smart, Execs Owe $23M In SEC's 'Epic Doorstop Of A Case'

    A federal judge imposed penalties of $23.3 million on smart-card maker e-Smart and others on Thursday in a sprawling U.S. Securities and Exchange Commission suit the judge called an "epic doorstop of a case."

  3. October 13, 2015

    SEC Scores Partial Win, Smaller Fines Against E-Smart Execs

    A D.C. federal judge on Tuesday granted a partial victory to the U.S. Securities and Exchange Commission, imposing securities bans on e-Smart Technologies Inc. and its executives but finding the agency hadn't fully backed up the fine it sought for misleading investors.

  4. June 03, 2015

    E-Smart CTO's Wordy Relief Bid Goes Nowhere In SEC Case

    A Washington, D.C., federal judge on Wednesday denied E-Smart Technologies Inc. executive Tamio Saito's motion for reconsideration of a March decision that he is liable for overstating the smartcard company's prospects, expressing displeasure with the chief technology officer's habit of bombarding the court with voluminous filings.

  5. April 13, 2015

    Judge Coaxes SEC To Toss Final Claim Against E-Smart CEO

    A D.C. federal judge urged the U.S. Securities and Exchange Commission on Monday to drop its outstanding claim against e-Smart Technologies Inc.'s CEO, saying the agency should save its resources since the court already found she misled investors and sold unregistered securities.

  6. March 31, 2015

    SEC Prevails In Suit Against E-Smart CTO

    A federal court in Washington handed the U.S. Securities and Exchange Commission a win Tuesday in a suit alleging that the chief technology officer of a company that made smart card systems — which identify people using markers like fingerprints and retina prints — grossly misrepresented what the cards, and the company, could do.

  7. January 29, 2015

    SEC Says E-Smart CEO Liable For Control Failures

    The U.S. Securities and Exchange Commission urged a Washington, D.C., federal judge Thursday to hold the CEO of accused fraudster E-Smart Technologies Inc. liable for alleged internal control failures, arguing the company had conceded the failures in a regulatory filing.

  8. March 12, 2014

    E-Smart Execs Can't Shake SEC Fraud Suit Over ID Cards

    A Washington, D.C., federal judge on Wednesday refused to dismiss the U.S. Securities and Exchange Commission's suit alleging senior officers of e-Smart Technologies Inc. defrauded investors by lying about having the technology to uniquely identify users for access to bank accounts.

  9. December 02, 2013

    ID Co. Exec Sanctioned For Failure To Produce 'Smart Cards'

    A D.C. federal judge on Monday sanctioned the CEO of e-Smart Technologies Inc., a purported producer of biometric identification cards, in a U.S. Securities and Exchange Commission securities fraud suit for defying orders to produce some of the so-called smart cards sought by the commission.