John P. Utsick, et al.
     

The Securities and Exchange Commission announced that on May 22, 2009, the United States District Court for the Southern District of Florida entered a Final Judgment Setting Disgorgement and Prejudgment Interest and Imposing a Civil Penalty against Defendant John P. Utsick. After evidentiary hearings over three days, the Court issued a 28-page opinion finding that Utsick ran his two entertainment companies as a Ponzi scheme, and improperly spent more than $4 million of investor money raised by his companies on his own expenses. The Final Judgment orders Utsick to pay disgorgement of $4,035.479.31, prejudgment interest of $921,708.84 and a civil penalty of $120,000.
     

http://www.sec.gov/litigation/litreleases/2009/lr21219.htm