Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Wwebnet Inc.
Penalty: $15,459,127
Year: 2015
Date: May 20, 2015
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Secondary Offense: investor protection violation
Violation Description: The SEC announced that the United States District Court for the Southern District of New York entered a final default judgment against defendant Wwebnet, Inc., a Nevada corporation. The final judgment imposed on Wwebnet a permanent injunction against future violations of securities laws and made Wwebnet liable for disgorgement of $5,579,127, including prejudgment interest, and a civil penalty in the amount of $9,880,000.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.