SEC v. Western Sierra Resource Corporation; Roger Johnson; and Dennis Atkins, No. LR-26032, District of Colorado (June 18, 2024) — Press Release
raw: Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins
Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins, No. 1:24-cv-01705 (June 18, 2024)
summary
The SEC charged Western Sierra Resource Corporation and its executives, Roger Johnson and Dennis Atkins, for falsely claiming the acquisition of $10 million in gold mining claims.
paragraph
The SEC filed charges against Western Sierra Resource Corporation, CEO Roger Johnson, and CFO Dennis Atkins for issuing false statements regarding Nevada mining rights. The defendants allegedly claimed to have paid $10 million for over 640 acres of Bureau of Land Management mining claims when they actually owned no such claims. The SEC is seeking permanent injunctive relief, civil penalties, and officer-and-director and penny-stock bars against the executives.
narrative
The SEC has filed charges against Colorado-based penny-stock issuer Western Sierra Resource Corporation and its top executives, CEO Roger Johnson and CFO Dennis Atkins. From June 2021 through October 2023, the defendants allegedly used press releases, regulatory filings, and their website to claim they had paid $10 million for an interest in Nevada gold mining claims. In reality, the complaint alleges the company did not pay the $10 million and owned no mining claims at all. The SEC accuses the defendants of violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b). The commission is seeking permanent injunctive relief and civil penalties against all defendants. Additionally, the SEC is pursuing officer-and-director and penny-stock bars against Johnson and Atkins.
Classified pump-and-dump(confidence 95%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Parties
BeranekTeva Pharmaceuticals USA, Inc.
Keywords
western sierrawesternsierrajohnsonatkinssierra resourceresource corporationroger johnsondennis atkinssecurities exchangemining claimsjohnson atkinsminingcorporation rogerjohnson dennis
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 1
- $10.00M $10 million $10M–$100M
Entities 4
- agency sec's complaint
- agency sec's investigation
- agency Securities and Exchange Commission
- person william connolly
Triples 10
- U.S. SECURITIES AND EXCHANGE COMMISSION Announce Charges Colorado Mining Company and its Executives with Fraud
- Securities and Exchange Commission File Charges against Colorado-based penny-stock issuer Western Sierra Resource Corporation, its Chief Executive Officer Roger Johnson, and its Chief Financial Officer Dennis Atkins
- SEC's complaint Allege Western Sierra, Johnson, and Atkins made materially false and misleading statements concerning the acquisition of certain gold mining rights
- Western Sierra, through Johnson and Atkins Claim It had paid $10 million for an interest in a company that purportedly owned more than 640 acres of Bureau of Land Management mining claims within the State of Nevada
- The complaint Allege Western Sierra did not pay $10 million for these purported mining claims and indeed did not own any mining claims at all
- SEC's complaint Charge Western Sierra, Johnson, and Atkins with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder
- SEC Seek Permanent injunctive relief as well as civil penalties as to all defendants, and officer-and-director and penny-stock bars as to Johnson and Atkins
- SEC's investigation Conduct Abigail Edwards and supervised by Kimberly Frederick, Nicholas Heinke, and Jason Burt, all of the Denver Regional Office
- William Connolly Assist With the investigation
- The litigation Be led By Jodanna Haskins and supervised by Gregory Kasper, Mr. Heinke, and Mr. Burt
PDF (from attached: complaint)
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Extracted body text (2,299c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26032 / June 18, 2024 Securities and Exchange Commission v. Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins, No. 1:24-cv-01705 (D. Colo. filed June 18, 2024) SEC Charges Colorado Mining Company and its Executives with Fraud The Securities and Exchange Commission announced today that it filed charges against Colorado-based penny-stock issuer Western Sierra Resource Corporation, its Chief Executive Officer Roger Johnson, and its Chief Financial Officer Dennis Atkins for issuing false and misleading statements concerning Western Sierra's alleged purchase of gold mining claims worth billions of dollars. The SEC's complaint alleges that for over two years, from June 2021 through at least October 2023, Western Sierra, Johnson, and Atkins made materially false and misleading statements concerning the acquisition of certain gold mining rights in multiple press releases; quarterly and annual submissions filed with the trading platform Over-the-Counter Markets; and on Western Sierra's website. According to the complaint, Western Sierra, through Johnson and Atkins, claimed it had paid $10 million for an interest in a company that purportedly owned more than 640 acres of Bureau of Land Management mining claims within the State of Nevada. In fact, the complaint alleges, Western Sierra did not pay $10 million for these purported mining claims and indeed did not own any mining claims at all. The SEC's complaint, filed in federal district court in Denver, Colorado, charges Western Sierra, Johnson, and Atkins with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder. The SEC seeks permanent injunctive relief as well as civil penalties as to all defendants, and officer-and-director and penny-stock bars as to Johnson and Atkins. The SEC's investigation was conducted by Abigail Edwards and supervised by Kimberly Frederick, Nicholas Heinke, and Jason Burt, all of the Denver Regional Office. William Connolly of the Enforcement Division's Office of Investigative and Market Analytics assisted with the investigation. The litigation will be led by Jodanna Haskins and supervised by Gregory Kasper, Mr. Heinke, and Mr. Burt. SEC Complaint
OCR text (2,299c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26032 / June 18, 2024 Securities and Exchange Commission v. Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins, No. 1:24-cv-01705 (D. Colo. filed June 18, 2024) SEC Charges Colorado Mining Company and its Executives with Fraud The Securities and Exchange Commission announced today that it filed charges against Colorado-based penny-stock issuer Western Sierra Resource Corporation, its Chief Executive Officer Roger Johnson, and its Chief Financial Officer Dennis Atkins for issuing false and misleading statements concerning Western Sierra's alleged purchase of gold mining claims worth billions of dollars. The SEC's complaint alleges that for over two years, from June 2021 through at least October 2023, Western Sierra, Johnson, and Atkins made materially false and misleading statements concerning the acquisition of certain gold mining rights in multiple press releases; quarterly and annual submissions filed with the trading platform Over-the-Counter Markets; and on Western Sierra's website. According to the complaint, Western Sierra, through Johnson and Atkins, claimed it had paid $10 million for an interest in a company that purportedly owned more than 640 acres of Bureau of Land Management mining claims within the State of Nevada. In fact, the complaint alleges, Western Sierra did not pay $10 million for these purported mining claims and indeed did not own any mining claims at all. The SEC's complaint, filed in federal district court in Denver, Colorado, charges Western Sierra, Johnson, and Atkins with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder. The SEC seeks permanent injunctive relief as well as civil penalties as to all defendants, and officer-and-director and penny-stock bars as to Johnson and Atkins. The SEC's investigation was conducted by Abigail Edwards and supervised by Kimberly Frederick, Nicholas Heinke, and Jason Burt, all of the Denver Regional Office. William Connolly of the Enforcement Division's Office of Investigative and Market Analytics assisted with the investigation. The litigation will be led by Jodanna Haskins and supervised by Gregory Kasper, Mr. Heinke, and Mr. Burt. SEC Complaint