U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21071 / June 8, 2009

SEC v. Alexis Ampudia, a/k/a Alexis Geancarlos Ampudia Navalo, a/k/a Alexis Emias, a/k/a Alexis Rojas, Civil Action No. 07-CV-2762 (HB) (S.D.N.Y.)

COURT ENTERS FINAL JUDGMENT AGAINST ALEXIS AMPUDIA

The Securities and Exchange Commission announced that on June 5, 2009, the United States District Court for the Southern District of New York entered a Final Judgment on consent against defendant Alexis Ampudia. The Final Judgment enjoins Ampudia from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-5, and orders him liable for $156,654.28 in disgorgement and prejudgment interest. Based on Ampudia's sworn Statement of Financial Condition and other documents and information submitted to the Commission, the Court did not order Ampudia to pay a civil penalty and payment of all but $50,430.39 of the disgorgement and prejudgment interest was waived.

The Commission's complaint, filed on April 5, 2007, charged Ampudia, a 22-year old Panamanian citizen and resident of Brooklyn, New York, with conducting a fraudulent scheme involving the manipulation of the prices of numerous securities by using brokerage accounts he had opened in the names of identity theft victims, without their knowledge or consent. The Commission alleged that, since November 2006, Ampudia made at least $140,000 in unlawful profits by manipulating the securities of at least five publicly traded companies.

The Commission acknowledges the assistance of the New York County District Attorney's Office, New York City Police Department, and United States Secret Service in this matter.

http://www.sec.gov/litigation/litreleases/2009/lr21071.htm