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July 20, 2010
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Entertainment Legal News

 

SEC Charges Entertainment Promoter Jack Utsick and Others

Washington, D.C., April 17, 2006 - The Securities and Exchange Commission today announced that it filed a civil injunctive action in the United States District Court for the Southern District of Florida charging Worldwide Entertainment, Inc. and Entertainment Group Fund, Inc. and their principal John P. (Jack) Utsick, and American Enterprises, Inc. and Entertainment Funds, Inc. and their principals Robert Yeager and Donna Yeager, in connection with a fraudulent offering that raised over $300 million from over 3,300 investors nationwide.

The Commission also requested the appointment of a receiver over all four corporate defendants. Simultaneously with the complaint, the Commission filed consents executed by all the defendants, with proposed judgments. Defendants, without admitting or denying the allegations of the complaint, consented to the entry of a permanent injunction, an asset freeze, repatriation order, repayment of amounts they received, and penalties.

Linda Chatman Thomsen, the Director of the Commission's Division of Enforcement, said, "Fraudulent schemes and the misuse of funds have a devastating impact on investors' faith in capital raising efforts. We will continue vigorously to enforce the securities laws against those who engage in such schemes."

David Nelson, Director of the Commission's Southeast Regional Office in Miami, said, "Even businesses that tout their success through affiliations with public figures and celebrities, can turn out to be frauds. Investors should keep in mind that investments that are not registered with the SEC are often among the riskiest."  Read more at sec.gov

 

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Did You Know?    
 
 
Rights are clearly defined
Rights' are the expressed, granted permission by the owner of a particular work to an intended buyer, for the utilization of their property in the profitable redistribution of that material. The permission, if granted, may entail the right to employ the work in the designated medium in which it was intended for redistribution. Additionally, the Copyright Act protects the owner of a property from unauthorized use of their material.

 


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Latest news about Entertainment cases in New Hampshire and nationwide:

Eeoc Chair Naomi Earp Urges Entertainment Industry To Proactively Address Race And Color Bias
Naomi C. Earp, Chair of the U.S. Equal Employment Opportunity Commission (EEOC), the nation’s leading civil rights enforcement agency, today public...
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Gov. Blagojevich Appoints Film Production Veteran
Gov. Rod R. Blagojevich today named a new Managing Director for the Illinois Film Office to continue to advance the state’s aggressive efforts in s...
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Playgirl.com Operators to Pay $30 Million to Settle FTC Charges
Agency Alleged Adult Web Sites Illegally Billed Consumers for Web Access Advertised as Free

The owners and operators ...
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Entertainment Lawyers.com Terms

 


Today's Terms

Agent

Definition:
A representative of talent, petitioning, on their behalf, for work within the filmmaking community. Agents, by law, have the right to both solicit employment and negotiate terms for the artists they represent. Not to be confused with Manager.

Talent Agency

Definition:
Group engaged in the employment and payment of actors, voice performers, and musicians etc. used in advertising.

Media Plan or Media Buy Plan

Definition:
A part of the communications plan that details how various media will be employed. Identifies the specific schedule of paid placements that have been negotiated for an ad or collection of ads, including the times and programs during which television and radio ads will run, the locations and sizes of billboards that will be placed, the publications and placement within those publications in which print ads will run, etc.

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Entertainment Law Hot Topics

 
Topics Related to Entertainment Law:

  • Trademark Violations
  • Copywriting Infringement
  • Film Finance Negotiations
  • Intellectual Property Theft
  • Plagiarism

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New Hampshire Entertainment Attorney

 
If you live in the following cities and need an Entertainment attorney you should contact our Entertainment Attorney as soon as possible:

  • Bedford
  • Concord
  • Derry
  • Dover
  • Durham
  • Exeter
  • Hampton
  • Hudson
  • Keene
  • Laconia
  • Londonderry
  • Manchester
  • Merrimack
  • Nashua
  • Portsmouth
  • Rochester
  • Salem
 


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