SEC Accuses Defendant of Contempt in Internet Offering Case

On October 4, the SEC filed a motion seeking a contempt citation against defendant Clealon Mann in SEC v. Capital Acquisitions, Inc., Somerset Group, Inc., Wayne Notwell and Clealon Mann, Civ. Action No. 2:97CV-0977S (D. UT, complaint filed Dec. 23, 1997). The SEC alleges that the defendant violated an asset freeze entered in the case [...]