I went to get some docs about John Westergaard and ran across his son's bankruptcy. John Westergaard's first child Emile Westergaard filed for bankruptcy in New York December 2013. It seems he sued his ex Lauren Chung and spent $4.6 million in legal fees. The case is in the New York Supreme Court as I read this case # 309926/12. He has $100K assets and owes $5.8M. His rent is $13,600/month. He pays $17,000/mo in alimony and child support for his two ex wives Miki Westergaard and Lauren Chung and five children. He filed for bankruptcy to reduce his rent and alimony. He's being evicted from his apartment and states he has no income.
He claims his income was $1.4M in 2011, 715K in 2012, 225K in 2013 but now has no job. He owes back alimony and taxes to the IRS and state. What a mess. Who would spend $4.6M in legal fees for a divorce when there are no assets? They were in business together. His ex is a PhD.
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Showing posts with label westergaard fund. Show all posts
Showing posts with label westergaard fund. Show all posts
Friday, February 7, 2014
John Westergaard and SEC lawsuit docket
U.S. District Court
Southern District of New York (Foley Square)
CIVIL DOCKET FOR CASE #: 1:00-cv-09776-DAB
S.E.C. v. Westergaard, et al Assigned to: Judge Deborah A. Batts Demand: $0 Cause: 15:77 Securities Fraud | Date Filed: 12/27/2000 Date Terminated: 10/11/2001 Jury Demand: None Nature of Suit: 850 Securities/Commodities Jurisdiction: U.S. Government Plaintiff |
| Plaintiff | ||
| Securities and Exchange Commission | represented by | C. Joshua Felker Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 (202) 942-2787 LEAD ATTORNEY Erich T. Schwartz Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 (202) 942-4589 LEAD ATTORNEY Jason R. Gettinger Securities and Exchange Commission 7 World Trade Center 13th Floor New York, NY 10048 (212) 748-8190 LEAD ATTORNEY John B. Bulgozdy Securities and Exchange Commission 5670 Wilshire Blvd., Suite 1100 Los Angeles, CA 90036 323 965-3322 Fax: 323 065-3908 Email: bulgozdyj@sec.gov LEAD ATTORNEY John L. Hunter Securities and Exchange Commission 450 FIfth Street, N.W. Mail Stop 8-1 Washington, DC 20549 (202) 942-4825 Email: hunterj@sec.gov LEAD ATTORNEY Thomas C. Newkirk Securities and Exchange Commission 450 Fifth Street, N.W. Mail Stop 0801 Washington, DC 20549 (202) 942-4550 LEAD ATTORNEY |
V. | ||
| Defendant | ||
| John Westergaard | represented by | Paul Jerome Curran Kaye, Scholer, Fierman, Hays & Handler 425 Park Ave. New York, NY 10022 212/836-8000 Email: MAOSDNY@KAYESCHOLER.COM LEAD ATTORNEY Richard J Halloran Kaye Scholer Fierman Hayes & Handler 425 Park Avenue New York, NY 10022 (212)836-8000 LEAD ATTORNEY |
| Defendant | ||
| Westergaard.Com, Inc. TERMINATED: 01/19/2001 | ||
| Defendant | ||
| Westergaard Broadcasting Network.Com, Inc. TERMINATED: 01/19/2001 | ||
| Date Filed | # | Docket Text |
|---|---|---|
| 12/27/2000 | 1 | COMPLAINT filed. Summons issued and Notice pursuant to 28 U.S.C. 636(c). (tp) (Entered: 12/27/2000) |
| 12/27/2000 | Magistrate Judge James C. Francis is so Designated. (tp) (Entered: 12/27/2000) | |
| 01/19/2001 | 2 | FINAL JUDGMENT; that dft. Westgaard Broadcasting Network.com, Inc. it agents, servants, employees etc. are hereby peranently restrained and enjoing as set forth in this Final Judgment; there being no just reason for delay, the Clerk of the Court is hereby directed, pursuant to Rule 54(b) of the F.R.C.P. to enter this Final Judgment forthwith and without further notice. ( signed by Judge Deborah A. Batts ); Mailed copies and notice of right to appeal. Entered On Docket: 01/22/01. (pl) (Entered: 01/22/2001) |
| 01/19/2001 | 3 | FINAL JUDGMENT AS TO DEFT WESTERGAARD.COM, INC, that deft Westergaard, its agents, servants, employees etc are permanently restrained and enjoined from violating Sec 17(b) of the Securities Act of 1933 by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, etc as further set forth in this document ( signed by Judge Deborah A. Batts ); Mailed copies and notice of right to appeal. Entered On Docket: 1/23/01. (cd) (Entered: 01/23/2001) |
| 02/20/2001 | 4 | AMENDED NOTICE of attorney appearance for John Westergaard by Richard J Halloran. (jp) (Entered: 02/21/2001) |
| 02/27/2001 | 5 | STIPULATION and ORDER, reset answer due for 4/10/01 for John Westergaard . ( signed by Judge Deborah A. Batts ) (kw) (Entered: 02/27/2001) |
| 04/12/2001 | 6 | STIPULATION and ORDER, reset answer to complaint due for 4/18/01 for John Westergaard . ( signed by Judge Deborah A. Batts ) (ae) (Entered: 04/12/2001) |
| 04/26/2001 | 7 | STIPULATION and ORDER, reset answer to the complaint due for 5/3/01 for John Westergaard ( signed by Judge Deborah A. Batts ) (lam) Modified on 04/30/2001 (Entered: 04/27/2001) |
| 05/03/2001 | 8 | ANSWER to Complaint by John Westergaard (Attorney Paul J. Curran from the Firm: Kaye Scholer LLP) . (cd) (Entered: 05/04/2001) |
| 06/28/2001 | 9 | NOTICE of attorney appearance for S.E.C. by Jason R. Gettinger. (tp) (Entered: 06/29/2001) |
| 07/05/2001 | 10 | SCHEDULING ORDER; that the estimated non-jury trial time is one week; a conference is scheduled for 8/7/01 at 4:30 p.m. ( signed by Judge Deborah A. Batts ); Copies mailed. (kkc) (Entered: 07/05/2001) |
| 08/29/2001 | 11 | NOTICE OF MOTION by S.E.C. for an order purs. to Local Rule 1.3(c) and the Court's Individual Rule 31 admitting John L. Hunter pro hac vice to the Bar of this Court as counsel for pltff . No return date indicated. Declarations of Jason R. Gettinger, and of John L. Hunter in support are attached. (sn) (Entered: 09/04/2001) |
| 09/07/2001 | Memo endorsed on motion; granting [11-1] motion for an order purs. to Local Rule 1.3(c) and the Court's Individual Rule 31 admitting John L. Hunter pro hac vice to the Bar of this Court as counsel for pltff. ( signed by Judge Deborah A. Batts ); Copies mailed. (Sent document to the Attorney Admissions Clerk). (kw) (Entered: 09/10/2001) | |
| 10/11/2001 | 12 | FINAL JUDGMENT AS TO DEFT JOHN WESTERGAARD; Deft John Westergaard, his agents, servants, employees, attorneys-in-fact, etc., are permanently restrained and enjoined as further set forth in this Judgment. The attached Consent of Deft John Westergaard, is incorporated herein with the same force and effect as if fully set forth herein. Deft Westergaard shall fully comply with the undertakings set forth in the Consent. The Clerk of the Court is directed, purs. to Rule 54(b) of the F.R.C.P. to enter this Final Judgment forthwith and without further notice. ( signed by Judge Deborah A. Batts ) Entered On Docket: 10/15/01. (sn) (Entered: 10/15/2001) |
| 10/11/2001 | Case closed. (sn) (Entered: 10/15/2001) |
_______ john westergaard, john, westergaard, westergaard fund, sec, y2k, securities fraud, securities and exchange commission, lawsuit, litigation, scam, con man, shyster, stock promoter, paid, liar, fraud, paid tout, new york, ppd, pre paid legal, johnny dot com, radio show, interview, ppd, umcc, bikr, sued, freedom of speech, radiowallstreet.com, bob thayer, westergaard.com, wsys, wbn.com, qekg, biker's dream, analyst, westergaard online systems, paid tout, shyster, piece of shit, small cap, pink sheet, penny stock, pump and dump, disclaimer, independent, pluvia, edgars, standard & poors, securities analyst, premier laser,
John Westergaard and SEC settle lawsuit
The only reason the SEC did not impose a fine was because John Westergaard swore that he was totally broke and dying of prostate cancer.
U.S. Securities and Exchange Commission
Washington, D.C.
LITIGATION Release No. 17192 / October 16, 2001
Securities and Exchange Commission v. John Westergaard, et al., U.S. District Court for the Southern District of New York (Civil Action No. 00-9776) (DAB)
SEC SETTLES INTERNET TOUTING CASE AGAINST JOHN WESTERGAARD
On October 11, 2001, the Honorable Deborah A. Batts entered a Final Judgment by consent concluding the Securities and Exchange Commission's litigation against John Westergaard. The Commission's complaint, filed on December 27, 2000, alleged that Westergaard and his companies, Westergaard.com, Inc. and Westergaard Broadcasting Network.com, Inc., violated Section 17(b) of the Securities Act by failing to fully disclose the compensation they received to promote issuers. The complaint further alleged that John Westergaard violated Section 10(b) of the Exchange Act and Rule 10b-5 thereunder by falsely claiming his Internet site provided "independent" analysis.
According to the complaint, John Westergaard and his companies were promoting issuers on web pages called "cyberstations," in press releases describing the company's coverage of issuers on the web site, and in Internet radio-broadcast interviews of officers of issuers. The complaint alleged that the press releases and Internet radio broadcasts referenced the web site, but failed to disclose that issuers paid Westergaard.com to promote their securities. It also alleged that the web site itself failed to identify the amount of compensation issuers paid.
Without admitting or denying the Commission's allegations, Westergaard consented to the entry of a permanent injunction against future violations of Section 17(b) of the Securities Act. The Court did not impose a civil penalty on Westergaard based on his sworn Statement of Financial Condition. Westergaard.com, Inc. and Westergaard Broadcasting Network, Inc. previously settled the charges against them by consenting, without admitting or denying the Commission's allegations, to the entry of an order permanently enjoining them from violating Section 17(b) of the Securities Act. See Lit. Rel. 16842 (December 27, 2000).
http://www.sec.gov/litigation/litreleases/lr17192.htm_______
john westergaard, john, westergaard, westergaard fund, sec, y2k, securities fraud, securities and exchange commission, lawsuit, litigation, scam, con man, shyster, stock promoter, paid, liar, fraud, paid tout, new york, ppd, pre paid legal, johnny dot com, radio show, interview, ppd, umcc, bikr, sued, freedom of speech, radiowallstreet.com, bob thayer, westergaard.com, wsys, wbn.com, qekg, biker's dream, analyst, westergaard online systems, paid tout, shyster, piece of shit, small cap, pink sheet, penny stock, pump and dump, disclaimer, independent, pluvia, edgars, standard & poors, securities analyst, premier laser,
John Westergaard tells people to mortgage their house to buy shares in worthless company which went bankrupt
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| John Westergaard, wbn.com, stock promoter, securities fraud, con man, dead, |
This is what stock promoters say about scam companies. Bikers Dream BIKR had no real business except printing and selling shares. I made a full report which I will post next. Shorters saw my report and shorted BIKR from $7 to pennies in just a few days. The stock was actually worth $0. I did not short the stock. I posted my reports so people would not be ripped off by evil John Westergaard.
After he posted this shares dumped. Every time share price dumped John Westergaard would state "Take advantage of this fantastic buying opportunity!!! take advantage of this great low share price, back up the truck, load 'em on up, I'm nibbling, nibbling, Time to nibble nibble, yum yum yum." John Westergaard posted on Yahoo, Raging Bull, Silicon Investor. I think he was dead before ihub started.
John Westergaard was promoting BIKR. This is cut/paste of his actual post, what a piece of shit he was.
Yes, Do Mortgage the House But Not Yet!!
by: westergaard 02/24/98 04:39 am EST
Msg: 179 of 97243
I have only known of one instance where someone went out and mortgaged the house to buy a stock. He was employed by an advertising agency handling the Xerox account in 1960 I believe it was, even before Xerox was Xerox. The man became very very rich. All of us following this thread have the potential opportunity for becoming rich on this stock which I define as making a million dollars (not rich maybe, but better than a kick in the pants). I would assume that everyone here can afford to buy 10,000 shares which is less than $20,000. I would then borrow on the house to buy another 5,000 shares when the SEC approval comes through. Let's say the stock is then 2 1/2. Then I'd borrow again when some tangible evidence comes through that the system is functioning to plan and that 4-5 gorillas have signed up (FIDO, Vanguard, etc.). Let's say the stock is then at 4. Now you've got circa $50,000 invested in 20,000 shares. When the stock hits 10 you buy another 5,000 shares on margin, borrowing $50,000 against an equity of $200,000. When the stock hits 40 you've got $1mm less your cost of $100,000. It's so easy, isn't it? I've seen this done on a few occasions. I had a client who did this with Commodore, investing $400,000 and taking out over $12mm. The reason he was able to do that was because he stayed focused!!! That's the key: focus, focus, focus. Don't get caught up in this trading bullshit. John W.
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john westergaard, john, westergaard, westergaard fund, sec, y2k, securities fraud, securities and exchange commission, lawsuit, litigation, scam, con man, shyster, stock promoter, paid, liar, fraud, paid tout, new york, ppd, pre paid legal, johnny dot com, radio show, interview, ppd, umcc, bikr, sued, freedom of speech, radiowallstreet.com, bob thayer, westergaard.com, wsys, wbn.com, qekg, biker's dream, analyst, westergaard online systems, paid tout, shyster, piece of shit, small cap, pink sheet, penny stock, pump and dump, disclaimer, independent, pluvia, edgars, standard & poors, securities analyst, premier laser,
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