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DOCKET NO. CV-05-081
SECURITIES ADMINISTRATOR, )
LORI M. HEMINGS, )
NOW COME the parties and stipulate
that judgment in this case shall enter for the Plaintiffs, State of
Hemings, after consulting with counsel, and without admitting or denying the allegations in the Complaint, agrees to judgment containing the following relief:
is permanently enjoined from offering or selling securities, annuities, or any
other investment products in the State of
a. the employer otherwise lawfully may do so;
b. Hemings has no involvement in the offer or sale; and
c. Hemings is not a partner, a director, or an officer with any role in the management of the employer.
shall pay $8,000 in restitution to the Securities Administrator for
distribution to the two
a. $3,000 within 30 days after entry of this Consent Judgment on the docket;
b. $2,500 on or before February 1, 2006; and
c. $2,500 on or before February 1, 2007.
3. Should Hemings fail to make any of the restitution payments as set forth above, all remaining restitution shall become due and owing and Hemings shall reimburse Plaintiffs for any and all attorneys fees and costs incurred in collecting the balance.
4. Hemings shall fully cooperate with Plaintiffs in any investigation or legal action taken against other persons in connection with U.S. Capital Funding, Inc. note sales.
/s/ Michael J. Colleran_________________
MICHAEL J. COLLERAN (Bar No. 9247)
Assistant Attorney General
6 State House Station
Attorney for Plaintiffs
/s/ Lori M. Hemings___________________
LORI M. HEMINGS
Defendant, pro se
The foregoing instrument was acknowledged before me this 7th
day of February, 2005, by LORI M.
HEMINGS [Personally Known ___X____ OR Produced Identification _______
(Type of Identification Produced: )].
/s/ Kristin M. Remchuk_________________
My Commission Expires: NOTARY PUBLIC
[Seal; Expires 7/9/05]
March __, 2005
Judgment entered for Plaintiffs in accordance with the terms of this Consent Judgment. This Court retains jurisdiction over this matter. At the direction of the Court, this Order shall be incorporated into the docket by reference. Rule 79(a).
3/10/05 - /s/ G. Arthur Brennan__________________
Justice, Superior Court