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This is a photo of the National Register of Historic Places listing with reference number 7000063

Wednesday, October 17, 2012

FINAL JUDGEMENT ENTERED IN SUN VILLAGE CASE


FROM: U.S. SECURITIES AND EXCHANGE COMMISSION

October 5, 2012 the Honorable James C. Mahan, United States District Judge

for the District of Nevada, entered a Final Judgment against Derek F.C. Elliott

On May 24, 2012, the United States Securities and Exchange Commission filed a

complaint, in the United States District Court for the District of Nevada,

against James B. Catledge, Derek F.C. Elliott, EMI Resorts (S.V.G.) Inc., EMI

Sun Village, Inc. and Sun Village Juan Dolio alleging that James B. Catledge and

Elliott, and certain of their related entities, made material misrepresentations

to investors in connection with the unregistered sale of interests in two

resorts in the Dominican Republic. The Final Judgment against Elliot seeks no

civil penalty at this time, waives disgorgement and authorizes the Commission to

seek a civil penalty of not more than $250,000 by subsequent motion.

The Final Judgment enjoins Elliott from future violations of Sections 5(a),

5(c) and 17(a)(1), (2) and (3) of the Securities Act of 1933 and Section 15(a)

of the Securities Exchange Act of 1934. Elliott consented to the relief granted

in the Final Judgment.

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