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However, for textual content, you may simply consider rewriting the content in your own words. Thank you. <!-- Inserted via Template:Nothanks-sd --> [[User:Porturology|Porturology]] ([[User talk:Porturology|talk]]) 05:30, 15 March 2009 (UTC) |
However, for textual content, you may simply consider rewriting the content in your own words. Thank you. <!-- Inserted via Template:Nothanks-sd --> [[User:Porturology|Porturology]] ([[User talk:Porturology|talk]]) 05:30, 15 March 2009 (UTC) |
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==Copyright problems with [[:Brian J. Smart]]== |
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[[Image:Ambox warning pn.svg|left|48px|]]Hello. Concerning your contribution, [[:Brian J. Smart]], please note that Wikipedia cannot accept [[Wikipedia:Copyrights|copyrighted]] text or images obtained from other web sites or printed material, without the permission of the author(s). {{#if: http://www.sec.gov/litigation/litreleases/2009/lr20946.htm | This article or image appears to be a direct copy from http://www.sec.gov/litigation/litreleases/2009/lr20946.htm.}} As a copyright violation, [[:Brian J. Smart]] appears to qualify for [[Wikipedia:Deletion policy|deletion]] under the [[Wikipedia:Criteria for speedy deletion|speedy deletion criteria]]. [[:Brian J. Smart]] has been tagged for deletion, and may have been deleted by the time you see this message. |
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If you believe that the article or image is not a copyright violation, or if you have permission from the copyright holder to release the content freely under the ''[[GNU Free Documentation License]] (GFDL)'' then you should do one of the following: |
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:*If you have permission from the author, leave a message explaining the details at [[Talk:Brian J. Smart]] and send an email with the message to "permissions-en (at) wikimedia (dot) org". '''See [[Wikipedia:Requesting copyright permission]] for instructions.''' |
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:*If a note on the original website states that re-use is permitted ''under the [[GFDL]] or released into the public domain'' leave a note at [[Talk:Brian J. Smart]] with a link to where we can find that note. |
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:*If you hold the copyright to the material: send an e-mail from an address associated with the original publication to permissions-en(at)wikimedia(dot)org ''or'' a postal message to the [http://wikimediafoundation.org/wiki/Contact_us Wikimedia Foundation] permitting re-use ''under the [[GFDL]]'', and note that you have done so on [[Talk:Brian J. Smart]]. |
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However, for textual content, you may simply consider rewriting the content in your own words. Thank you. <!-- Inserted via Template:Nothanks-sd --> [[User:Porturology|Porturology]] ([[User talk:Porturology|talk]]) 05:31, 15 March 2009 (UTC) |
Revision as of 05:31, 15 March 2009
Brian Jared Smart | |
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Occupation | Confidence trickster |
Spouse | Kelly Winger Smart |
Children | Savannah Rae, Taylor Sheree, Faith Elizabeth, Jacob Brian, Victoria Elli, Olivia Sophie, Andrew Winger |
Criminal charge | Security Fraud |
On March 11, 2009, the Securities and Exchange Commission obtained an order temporarily restraining Brian J. Smart and a private entity controlled by him, Smart Assets, LLC, from continuing to engage in the fraudulent offer and sale of securities. The Honorable Bruce S. Jenkins of the United States District Court for the District of Utah also froze the defendants' assets, ordered that discovery be accelerated and that defendants be prohibited from destroying documents, ordered the defendants to promptly provide sworn accountings of investor funds and other assets, and ordered that a preliminary injunction hearing be held on March 20, 2009, to determine if the interim relief should be continued.
The Commission's Complaint, filed on March 11, alleges that Smart, a resident of Lehi, Utah, and Smart Assets engaged in a Ponzi-like scheme in the offer and sale of promissory notes and other securities over a period extending back at least six years. According to the Complaint, the defendants fraudulently raised approximately $1.68 million from investors, including senior citizens. The Complaint further alleges that Smart went to great lengths to convince investors that he was a sophisticated financial planner, when in fact he was misappropriating funds for his own personal use and investing the remaining funds entrusted to him in illiquid and ill-fated real estate ventures. According to the Complaint, Smart falsely represented to investors that he was providing a conservative, sound investment opportunity for them to receive regular, monthly income.
The Complaint also alleges that Smart solicited additional investors by providing these new investors with promissory notes and "membership certificates" in Smart Assets, claiming an interest payable on the notes ranging from 8.5% to 18% interest per annum. The Complaint further alleges that the defendants offered promissory notes to other investors falsely representing that they were using the invested money to lend out at higher rates. The actual uses to which the money was put were allegedly not disclosed to investors. According to the Complaint, Smart, through Smart Assets, operated a Ponzi-like scheme by using proceeds obtained from new investors to make payments to early investors. Smart is further alleged to have misappropriated approximately $1.68 million of investor money for personal use, including purchasing a home and paying for his living expenses.
The Complaint alleges that Smart and Smart Assets violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to emergency and preliminary relief, the Commission's Complaint is seeking permanent injunctions, disgorgement and civil penalties.
Smart supposedly promised returns of 8.5 to 18 percent, but SEC regional trial lawyer Thomas Melton says Smart never invested the money.
"What he did instead was spent a large amount of the money on his own personal uses," Melton said. "He invested on some risky real estate deals. He also paid out some investors' money to earlier investors."
Court documents obtained by KSL accuse Smart of misrepresenting the nature and risk of the investments offered.
Melton says Smart went to great lengths to convince investors he was a sophisticated investment professional, when the money was really being diverted to fund Smart's own personal use and business operations.
According to the court filing, Smart is accused of promising investors a steady, monthly income for their money. He's also accused of seeking money to lend out for phony real estate transactions.
The SEC is asking Utah's Central District Court to order Smart to cease and desist. It's also asking for his assets to be frozen. A hearing is scheduled for March 20.
Copyright problems with Brian Jared Smart
Hello. Concerning your contribution, Brian Jared Smart, please note that Wikipedia cannot accept copyrighted text or images obtained from other web sites or printed material, without the permission of the author(s). This article or image appears to be a direct copy from http://www.sec.gov/litigation/litreleases/2009/lr20946.htm. As a copyright violation, Brian Jared Smart appears to qualify for deletion under the speedy deletion criteria. Brian Jared Smart has been tagged for deletion, and may have been deleted by the time you see this message.
If you believe that the article or image is not a copyright violation, or if you have permission from the copyright holder to release the content freely under the GNU Free Documentation License (GFDL) then you should do one of the following:
- If you have permission from the author, leave a message explaining the details at Talk:Brian Jared Smart and send an email with the message to "permissions-en (at) wikimedia (dot) org". See Wikipedia:Requesting copyright permission for instructions.
- If a note on the original website states that re-use is permitted under the GFDL or released into the public domain leave a note at Talk:Brian Jared Smart with a link to where we can find that note.
- If you hold the copyright to the material: send an e-mail from an address associated with the original publication to permissions-en(at)wikimedia(dot)org or a postal message to the Wikimedia Foundation permitting re-use under the GFDL, and note that you have done so on Talk:Brian Jared Smart.
However, for textual content, you may simply consider rewriting the content in your own words. Thank you. Porturology (talk) 05:30, 15 March 2009 (UTC)
Copyright problems with Brian J. Smart
Hello. Concerning your contribution, Brian J. Smart, please note that Wikipedia cannot accept copyrighted text or images obtained from other web sites or printed material, without the permission of the author(s). This article or image appears to be a direct copy from http://www.sec.gov/litigation/litreleases/2009/lr20946.htm. As a copyright violation, Brian J. Smart appears to qualify for deletion under the speedy deletion criteria. Brian J. Smart has been tagged for deletion, and may have been deleted by the time you see this message.
If you believe that the article or image is not a copyright violation, or if you have permission from the copyright holder to release the content freely under the GNU Free Documentation License (GFDL) then you should do one of the following:
- If you have permission from the author, leave a message explaining the details at Talk:Brian J. Smart and send an email with the message to "permissions-en (at) wikimedia (dot) org". See Wikipedia:Requesting copyright permission for instructions.
- If a note on the original website states that re-use is permitted under the GFDL or released into the public domain leave a note at Talk:Brian J. Smart with a link to where we can find that note.
- If you hold the copyright to the material: send an e-mail from an address associated with the original publication to permissions-en(at)wikimedia(dot)org or a postal message to the Wikimedia Foundation permitting re-use under the GFDL, and note that you have done so on Talk:Brian J. Smart.
However, for textual content, you may simply consider rewriting the content in your own words. Thank you. Porturology (talk) 05:31, 15 March 2009 (UTC)