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Sec. & Exch. Comm'n v. Integrated Nat'l Res.

United States District Court, Central District of California
May 17, 2024
8:23-cv-00855-JWH-KES (C.D. Cal. May. 17, 2024)

Opinion

8:23-cv-00855-JWH-KES

05-17-2024

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. INTEGRATED NATIONAL RESOURCES, INC. dba WEEDGENICS, ROLF MAX HIRSCHMANN, PATRICK EARL WILLIAMS, Defendants, and WEST COAST DEVELOPMENT LLC, INR CONSULTING LLC WYOMING ENTITY, OCEANS 19 INC., AUTOBAHN PERFORMANCE LLC, ONE CLICK GENERAL MEDIA INC., OPUS COLLECTIVE, JOHN ERIC FRANCOM, INR-CA INVESTMENT HOLDINGS, LLC, MICHAEL DELGADO, TOTAL SOLUTION CONSTRUCTION LLC, BAGPIPE HOLDINGS LLC, BAGPIPE MULTIMEDIA LLC, TYLER CAMPBELL, INR CONSULTING LLC CALIFORNIA ENTITY, HIDDEN SPRINGS HOLDINGS GROUP LLC, and ALEXANDRIA PORTER BOVEE aka “AIA MONTGOMERY,” Relief Defendants.


JUDGMENT AS TO DEFENDANT INTEGRATED NATIONAL RESOURCES, INC.

HON. JOHN W. HOLCOMB, UNITED STATES DISTRICT JUDGE

The Securities and Exchange Commission having filed a Complaint and Defendant Integrated National Resources, Inc. (d/b/a Weedgenics) having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Judgment, It is hereby ORDERED, ADJUDGED, and DECREED as follows:

1. Defendant is permanently RESTRAINED and ENJOINED from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security:

a. to employ any device, scheme, or artifice to defraud;
b. to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or c. to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

2. As provided in Rule 65(d)(2) of the Federal Rules of Civil Procedure, the foregoing paragraph also binds the following who receive actual notice of this Judgment by personal service or otherwise:

a. Defendant's officers, agents, servants, employees, and attorneys; and
b. other persons in active concert or participation with Defendant or with anyone described in Paragraph 2(a).

3. Defendant is permanently RESTRAINED and ENJOINED from violating Section 17(a) of the Securities Act of 1933 (the “Securities Act”) [15 U.S.C. § 77q(a)] in the offer or sale of any security by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly:

a. to employ any device, scheme, or artifice to defraud;
b. to obtain money or property by means of any untrue statement of a material fact or any omission of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
c. to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.

4. As provided in Rule 65(d)(2) of the Federal Rules of Civil Procedure, the foregoing paragraph also binds the following who receive actual notice of this Judgment by personal service or otherwise:

a. Defendant's officers, agents, servants, employees, and attorneys; and
b. other persons in active concert or participation with Defendant or with anyone described in Paragraph 4(a).

5. Defendant shall pay disgorgement of ill-gotten gains, prejudgment interest thereon, and a civil penalty pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. The Court shall determine the amounts of the disgorgement and civil penalty upon motion of the Commission. Prejudgment interest shall be calculated based on the rate of interest used by the Internal Revenue Service for the underpayment of federal income tax as set forth in 26 U.S.C. § 6621(a)(2). In connection with the Commission's motion for disgorgement and/or civil penalties, and at any hearing held on such a motion:

a. Defendant will be precluded from arguing that it did not violate the federal securities laws as alleged in the Complaint;
b. Defendant may not challenge the validity of the Consent or this Judgment;
c. solely for the purposes of such motion, the allegations of the Complaint shall be accepted as and deemed true by the Court; and d. the Court may determine the issues raised in the motion on the basis of affidavits, declarations, excerpts of sworn deposition or investigative testimony, and documentary evidence, without regard to the standards for summary judgment contained in Rule 56(c) of the Federal Rules of Civil Procedure.

6. The Consent is incorporated herein with the same force and effect as if fully set forth herein, and that Defendant shall comply with all of the undertakings and agreements set forth therein.

7. This Court retains jurisdiction of this matter for the purposes of enforcing the terms of this Judgment.

IT IS SO ORDERED.


Summaries of

Sec. & Exch. Comm'n v. Integrated Nat'l Res.

United States District Court, Central District of California
May 17, 2024
8:23-cv-00855-JWH-KES (C.D. Cal. May. 17, 2024)
Case details for

Sec. & Exch. Comm'n v. Integrated Nat'l Res.

Case Details

Full title:SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. INTEGRATED NATIONAL…

Court:United States District Court, Central District of California

Date published: May 17, 2024

Citations

8:23-cv-00855-JWH-KES (C.D. Cal. May. 17, 2024)