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Mariano v. Panorama Enterprises, Inc.
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Mariano v. Panorama Enterprises, Inc.
PED Case No. 91-0864 (Resolution)
July 21, 1992
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Securities and Exchange Commission Departments
SEC Compliance and Enforcement Department
Corporate
Mariano v. Panorama Enterprises, Inc.
PED Case No. 91-0864 (Resolution)
•July 21, 1992
[PED * CASE NO. 91-0864. July 21, 1992.]VICTOR D. MARIANO, complainant, vs. PANORAMA ENTERPRISES, INC., PASIG TOURIST DEV. CORP., MALATE TOURIST DEV. CORP., GALACTIC SPACE DEV. CORP., and BARRIENTOS & CO., INC. KARL C. VELHAGEN and ARCHIE R. KING, respondents.R E S O L U T I O NComplainant VICTOR D. MARIANO, in his capacity as the Managing Director of VICTRONICS COMPUTERS, INC. ("VCI"), sought action of this Commission by charging the subject corporations and the two (2) named respondents of devices amounting to fraud, misrepresentation detrimental to the public, and serious misrepresentation as to what their corporations can do or are doing to the great prejudice of the public (cf. Sec. 5 (2)* and Sec. 6 (1)*, item 2, P.D. No. 902-A, as amended) and the individual respondents who have collaborated and conspired with the subject corporation for the same offenses. LLjurComplainant alleged that the company that he managed, VCI, recently discovered this when, after selling and delivering computers to the respondents Karl Velhagen and Archie King, they welshed on their contract, as follows:A) ...
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Securities and Exchange Commission Departments
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