Opinion
CV 19-9234 DSF (PLAx)
01-15-2020
SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. HAMID KABANI, et al., Defendants.
JUDGMENT
The Court having granted the Securities and Exchange Commission's (SEC) motion for an order under Section 21(e)(1) of the Exchange Act,
IT IS ORDERED AND ADJUDGED that:
1. Defendant Hamid Kabani must comply with all aspects of the March 10, 2017 Order issued by the SEC (Order) and pay to the Public Company Accounting Oversight Board (PCAOB) a civil penalty of $100,000, plus prejudgment interest from May 14, 2019 until full payment is made, at the rate set forth in 28 U.S.C. § 1961;
2. Defendant Michael Deutchman must comply with all aspects of the Order and pay to PCAOB a civil penalty of $35,000, plus prejudgment interest from May 14, 2019 until full payment is made, at the rate set forth in 28 U.S.C. § 1961; and
3. Defendant Karim Khan Muhammad must comply with all aspects of the Order and pay to PCAOB a civil penalty of $20,000, plus prejudgment interest from May 14, 2019 until
full payment is made, at the rate set forth in 28 U.S.C. § 1961.
The Court retains jurisdiction to enforce this Judgment.
Date: January 15, 2020
/s/_________
Dale S. Fischer
United States District Judge