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Securities and Exchange Commission v. Bloomfield

United States District Court, C.D. California

March 21, 2017

SECURITIES AND EXCHANGE COMMISSION, Plaintiff,
v.
RONALD S. BLOOMFIELD and JOHN EARL MARTIN, SR., Defendants.

          JUDGMENT AGAINST DEFENDANT RONALD S. BLOOMFIELD

          Hon. Michael W. Fitzgerald Judge

         The matter came before the Court upon the Stipulation of Settlement between Plaintiff Securities and Exchange Commission (the “Commission”) and Defendant Ronald S. Bloomfield (“Bloomfield”).

         The Court, having considered the Commission's Corrected Complaint (DN 14), the Stipulation of Settlement (DN 44), and the papers and proceedings filed and had herein, finds that good cause exists for such Judgment to be entered on the Stipulation of Settlement and the relief sought therein ordered.

         I.

         ORDERED, ADJUDGED, AND DECREED that the Commission Order as to Bloomfield be and the same is hereby enforced with respect to the amounts due under the Commission Order as to the civil money penalty and interest thereon pursuant to 31 U.S.C. § 3717, the Commission having withdrawn that portion of the Corrected Complaint seeking to enforce the Commission Order with respect to the payment of disgorgement and prejudgment interest, as Bloomfield has fully satisfied such obligations.

         II.

         FURTHER ORDERED, ADJUDGED, AND DECREED that Bloomfield shall pay to the Commission, to be remitted to the United States Treasury, the following amounts with respect to disgorgement and prejudgment interest:

Civil penalty set by the Commission Order on February 27, 2014

$650, 000.00

Interest from February 28, 2014 through March 9, 2017

$20, 069.86

Total civil penalty and interest due as of March 9, 2017

$670, 069.86

         Civil penalty set by the Commission Order on $650, 000.00 February 27, 2014 Interest from February 28, 2014 through $20, 069.86 March 9, 2017 Total civil penalty and interest due as of $670, 069.86 March 9, 2017 Such payments shall be made in one of the following ways:

         (a) Bloomfield may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request;

         (b) Bloomfield may make direct payment from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm or

         (c) Bloomfield may pay by certified check, bank cashier's check, or States postal money order, made payable to the Securities and Exchange Commission and hand-delivered or mailed to:

Enterprise Services Center Accounts Receivable Branch HQ Bldg., Room 181, AMZ-341 6500 South MacArthur Boulevard Oklahoma City, OK 73169

         Payments by check or money order must be accompanied by a cover letter identifying Bloomfield as Defendant in this action, and the name of this Court and the docket number of this action; a copy of the cover letter and check or money order must be sent to John J. Graubard, Securities and Exchange Commission, New York Regional Office, 200 Vesey Street, Room 400, New York, NY 10281-1022. All payments made by Bloomfield shall first be applied to post-judgment interest pursuant to 28 ...


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