SEC SAYS FINAL JUDGEMENTS ENTERED AGAINST PENNY STOCK SCHEMERS

FROM: U.S. SECURITIES AND EXCHANGE COMMISSION

The United States Securities and Exchange Commission announced today that the Honorable James V. Selna of the United States District Court for the Central District of California entered final judgments against defendants Thomas Rubin, Christopher Scott, BGLR Enterprises, LLC and E-Info Solutions, LLC on May 22, 2013. The final judgments imposed on Rubin and Scott permanent injunctions against future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. The judgments also imposed on BGLR Enterprises, LLC and E-Info Solutions, LLC permanent injunctions against future violations of Sections 5(a) and (c) of the Securities Act. The court also entered ten-year penny stock bars against Rubin and BGLR Enterprises, along with five-year penny stock bars against Scott and E-Info Solutions as well as a five-year officer and director bar against Scott. Also, Scott was ordered to pay full disgorgement of approximately $112,000, prejudgment interest of approximately $12,000, and a civil penalty of $75,000, while the court will determine if and to what amount monetary relief will be ordered against Rubin.

The SEC's complaint, filed on September 22, 2011, charged Rubin, who was the Chief Executive Officer of a now-defunct broker-dealer named Westcap Securities, Inc., and Scott, Westcap's former Chief Compliance Officer, with engaging in a continuing series of schemes with others to conduct unlawful unregistered offerings and/or fraudulently manipulate the market for the common stock of four microcap companies. The complaint alleged that Rubin and Scott personally engaged in various manipulative activities including coordinated and matched trading activity and that the two took advantage of the manipulated markets for certain of the above-described issuers by selling shares they had received in these issuers for substantial profits. The complaint also alleged that Rubin and Scott, through their respective related entities, BGLR Enterprises, LLC and E-Info Solutions, LLC, violated the registration provisions of Section 5(a) and (c) of the Securities Act by selling stock in unlawful unregistered offerings.