James N. Turek, Plasticon International, Inc., et al.
On September 30, the Securities and Exchange Commission ("Commission") filed a civil injunctive action against James N. Turek ("Turek") and Plasticon International, Inc. ("Plasticon") for defrauding investors in a purportedly private offering and issuing false and misleading press releases. The Commission's complaint also names three entities that Turek owns or controls?LexReal Co. LLC, Promotional Containers, Inc., and TelcoBlue, Inc.?that did not engage in fraudulent conduct, but that received proceeds from the fraudulent offering.
http://www.sec.gov/litigation/litreleases/2008/lr20767.htm