“2. Defendant has agreed to plead guilty to criminal conduct relating to certain matters alleged in the complaint in this action and acknowledges that his conduct violated the federal securities laws. Specifically, Defendant has agreed to plead guilty to a one count information which charges him with committing securities fraud involving insider trading in the securities of Pharmasset, Inc. in a matter to be filed in the United States District Court for the District of New Jersey, (the “Criminal Action”).”
October 01, 2015 SEC Consent Orders Felony Insider Trading SPALLINA signed September 16, 2015 and TESCHER signed June 15, 2014 – Page 1 - #2
2. Yet, in a December 15, 2015 hearing under sworn oath as a witness in a Validity Hearing before Judge PHILLIPS, SPALLINA stated the following from the hearing transcript Page 93 Lines 14-17;
14· · · · · · ·THE COURT:· You can answer the question, which
15· · · · is, did you plead to a felony?
16· · · · · · ·MR. BERNSTEIN:· Sorry, sir.
17· · · · · · ·THE WITNESS:· I have not.
December 15, 2015 PHILLIPS VALIDITY HEARING TRANSCRIPT
The formal Complaint filed by the SEC contains breaches of fiduciary duties by SPALLINA and TESCHER that are almost identical to the claims Eliot has made in the Florida Probate Courts of Palm Beach County since at least on or about May of 2013.
September 28, 2015 SEC Press Release Regarding SPALLINA and TESCHER INSIDER TRADING CHARGES, “SEC Charges Five With Insider Trading, Including Two Attorneys and an Accountant”
September 28, 2015 SEC Government Complaint filed against TESCHER and SPALLINA @ http://www.sec.gov/litigation/complaints/2015/comp-pr2015-213.pdf
Robert Spallina seems to be Again Blatantly Lying and there looks to be consequences for him, hopefully this time he loses his license to harm Florida probate VICTIMS.
1. Further, in the SEC Consent signed by SPALLINA reads,
“12. Defendant understands and agrees to comply with the term of 17 C.P.R. f 202,S(e). which provides in part that it is the Commission's policy ''not to permit a defendant or respondent to consent to a judgment or order that imposes a sanction while denying the allegations in the complaint or order for proceedings." As part of Defendant's agreement to comply with the terms of Section 202.5(e), Defendant acknowledges that bo has agreed to plead guilty for related conduct as described in paragraph 2 above, and:
(i) will not take any action or make or permit to be made any public statement denying, directly or indirectly, any allegation in the complaint or creating the impression that the complaint is without factual basis; (ii) will not make or permit to be made any public statement to the effect that Defendant does not admit the allegations of the complaint, or that this Consent contains no admission of the allegations; (iii) upon the filing of this Consent, Defendant hereby withdraws any papers filed in this action to the extent that they deny any allegation in the complaint; aud (iv) stipulates for purposes of exceptions to discharge sot forth in Section 523 of the Bankruptcy Code, 11 U.S.C.. §523. that the allegations in the complaint are true…”
Seems Like Robert Spallina has committed yet another infraction or possibly crime, and yet he is still creating victims, practicing law, and looks to be committing perjury. WOW.