• Report: #1035733

Complaint Review: The Power Company

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  • Submitted: Mon, March 18, 2013
  • Updated: Mon, March 18, 2013

  • Reported By: Ed — Chicago
The Power Company
214 east ohio Chicago, Illinois United States of America

The Power Company Steve Brewer and Cheryl Arts Steve Brewer is a thief and a liar! Chicago Illinois

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I just read the rubuttal from THE POWER COMPANY concerning Steve Brewer and Cheryl Arts.  Folks there is a special in hell for these two people.  I know them personally.  I invested money in their former firm Brewer Investment Group.  I lost everything because of their lies.  Please don't believe what THE POWER COMPANY has written as a rebuttal.  Good people were destroyed by their reckless and criminal behavior  Quite frankly, they both belong behind bars!  I have attached a summary of Steve Brewer's activities from the SEC!  Let's see if The Power Company can discount all these allegations and proof from the Federal government.  Both Brewer and Arts were working on this energy deregulation project while still ripping people off at Brewer Financial Group and Brewer Investment Group.  Their plan was a last ditch effort to save their financial firm.  Easy money from stupid pigeons.  THE POWER COMPANY is a joke developed by two criminals looking for a quick buck. 

FINAL JUDGMENT AS TO DEFENDANTS STEVEN BREWER

The Securities and Exchange Commission having filed a Complaint and Defendants Steven Brewer and Adam Erickson having entered general appearances; consented to the Court's jurisdiction over them and the subject matter of this action; consented to entry of permanent injunctions without admitting or denying the allegations of the Complaint (except as to jurisdiction); consented to have the issues of disgorgement, prejudgment interest and penalties determined by the Court without trial, with the facts of the complaint admitted solely for that purpose; and waived findings of fact and conclusions of law:I.IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendants Brewer and Erickson and their agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") [15 U.S.C. 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security:(a) to employ any device, scheme, or artifice to defraud;(b) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or(c) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.II.IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants Brewer and Erickson and their agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violating Section 17(a) of the Securities Act of 1933 (the "Securities Act") [15 U.S.C. 77q(a)] in the offer or sale of any security by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly:(a) to employ any device, scheme, or artifice to defraud;(b) to obtain money or property by means of any untrue statement of a material fact or any omission of a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or(c) to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.III.IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants Brewer and Erickson and their agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violating Sections 5(a) and 5(c) of the Securities Act [15 U.S.C. 77e(a) and e(c)] by, directly or indirectly, in the absence of any applicable exemption:(a) Unless a registration statement is in effect as to a security, making use of any means or instruments of transportation or communication in interstate commerce or of the mails to sell such security through the use or medium of any prospectus or otherwise; or(c) Making use of any means or instruments of transportation or communication in interstate commerce or of the mails to offer to sell or offer to buy through the use or medium of any prospectus or otherwise any security, unless a registration statement has been filed with the Commission as to such security, or while the registration statement is the subject of a refusal order or stop order or (prior to the effective date of the registration statement) any public proceeding or examination under Section 8 of the Securities Act [15 U.S.C. 77h].IV.IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants Brewer and Erickson and their agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violations of Section 15(c)(1) of the Exchange Act [15 U.S.C. 78o(c)(1)] by knowingly or recklessly providing substantial assistance to anyone acting as a broker-dealer who, using any means or instrumentality of interstate commerce, or the mails, effects transactions in, induces purchases of, or attempts to induce the purchase of any security by means of a manipulative, deceptive or other fraudulent device or contrivance.V.IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants Brewer and Erickson and their agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Judgment by personal service or otherwise are permanently restrained and enjoined from violations of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940 ("Advisers Act") [15 U.S.C. 80b-6(1) and 80b-6(2)] by knowingly or recklessly providing substantial assistance to anyone acting as investment advisers who, using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange:(1) employs devices, schemes or artifices to defraud clients or prospective clients; or(2) engages in transactions, practices and courses of business which operate as a fraud or deceit upon its clients or prospective clients.VIIT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Steven Brewer is liable for disgorgement of $5,455,100, together with prejudgment interest thereon in the amount of $296,784.82 for a total of $5,651,884.82. Defendant shall satisfy this obligation by paying that amount to the Securities and Exchange Commission within 14 days after entry of this Final Judgment.Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to    

Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Steven Brewer as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant.The Commission shall hold the funds (collectively, the "Fund") and may propose a plan to distribute the Fund subject to the Court's approval. The Court shall retain jurisdiction over the administration of any distribution of the Fund. If the Commission staff determines that the Fund will not be distributed, the Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury.The Commission may enforce the Court's judgment for disgorgement and prejudgment interest by moving for civil contempt (and/or through other collection procedures authorized by law) at any time after 14 days following entry of this Final Judgment. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28 U.S.C. 1961.VII.IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Steven Brewer shall pay a civil penalty in the amount of $_______ to the Securities and Exchange Commission pursuant to 15 U.S.C. 77t(d)(2), 78u(d)(3)(B).. Defendant shall make this payment within 14 days after entry of this Final Judgment.Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to 

 Enterprise Services Center
 Accounts Receivable Branch
 6500 South MacArthur Boulevard
 Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Steven Brewer as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury. Defendant shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC 1961.VIII.IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Adam Erickson is liable for disgorgement of $215,760.35, together with prejudgment interest thereon in the amount of $11,957.65 for a total of $227,718. Defendant shall satisfy this obligation by paying that amount to the Securities and Exchange Commission within 14 days after entry of this Final Judgment.Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to    

Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Adam Erickson as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant.The Commission shall hold the funds (collectively, the "Fund") and may propose a plan to distribute the Fund subject to the Court's approval. The Court shall retain jurisdiction over the administration of any distribution of the Fund. If the Commission staff determines that the Fund will not be distributed, the Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury.The Commission may enforce the Court's judgment for disgorgement and prejudgment interest by moving for civil contempt (and/or through other collection procedures authorized by law) at any time after 14 days following entry of this Final Judgment. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28 U.S.C. 1961.IX.IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant Adam Erickson shall pay a civil penalty in the amount of $_______ to the Securities and Exchange Commission pursuant to 15 U.S.C. 77t(d)(2), 78u(d)(3)(B).. Defendant shall make this payment within 14 days after entry of this Final Judgment.Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to 

 Enterprise Services Center
  Accounts Receivable Branch
  6500 South MacArthur Boulevard
  Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Adam Erickson as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury. Defendant shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC 1961.X.IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendants Consents are incorporated herein with the same force and effect as if fully set forth herein, and that Defendants shall comply with all of the undertakings and agreements set forth therein.XI.IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment.XII.There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice.

This report was posted on Ripoff Report on 03/18/2013 11:40 AM and is a permanent record located here: http://www.ripoffreport.com/r/The-Power-Company/Chicago-Illinois-60654/The-Power-Company-Steve-Brewer-and-Cheryl-Arts-Steve-Brewer-is-a-thief-and-a-liar-Chicago-1035733. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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