Skip to Content

Tag: Securities and Exchange Commission


Suppliers

Verint to become independent, public company

August 15, 2012Martha Entwistle

MELVILLE, N.Y.—If the merger deal with its parent company, Comverse Technology Inc. (CTI), goes through as planned, video surveillance provider Verint will be a 100 percent independent public company as early as February.“This is really good news, long term, for Verint,” Jeff Kessler, managing director of Imperial Capital, told Security Systems News.CTI has had complications in the past with the Securities and Exchange Commission filing process, Kessler said, “and if your...

Alan Roden, Comverse Technology Inc., CTI, Imperial Capital, Jeff Kessler, Securities and Exchange Commission, Security Systems News, Verint


Read Full Articlered right arrow icon

Residential

AMP: Former Platinum space good fit

August 15, 2012Tess Nacelewicz

AMERICAN FORK, Utah—The large, dramatic letters emblazoned across the top of the imposing new office building here used to read “Platinum.” Now they say “AMP”—because financially beleaguered Platinum Protection has vacated the space and it is now AMP's headquarters.AMP Security President Ryan Lee told Security Systems News that AMP, a summer-sales-model company like Platinum, wasn't really looking to move, but the 28,000-square-foot office space it took over recently...

Allen Jacobson, AMP Alarm, AMP Security, Jared Hallows, Mike Melzer, Platinum Protection, Ryan Lee, Securities and Exchange Commission, Security Systems News, Vector Security


Read Full Articlered right arrow icon

This Blog's on Fire (And Other Stuff)

Fraud trial, white gloves in McGinn, Smith case

July 11, 2012Tess Nacelewicz

When the Securities and Exchange Commission charged alarm industry investors David L. Smith and Timothy McGinn in 2010 with running a Ponzi scheme that defrauded investors of at least $80 million, one of the SEC's contentions was that some of the money was diverted to pay for “strippers and go-go dancers” on McGinn's You Only Live Once cruise ship business. Now, a judge has ordered that another cruise business associated with the case—this one with the tonier name of White Glove...

David L. Smith, Luxury Cruise Receivables, Ponzi, SEC, Securities and Exchange Commission, Security Systems News, Timothy McGinn, White Glove Cruises, You Only Live Once


Read Full Articlered right arrow icon

Residential

Problems plague Platinum Protection

February 15, 2012Tess Nacelewicz

AMERICAN FORK, Utah—Platinum Protection, a leading summer-sales-model security company based here, reportedly laid off almost all its employees on Feb. 2, including corporate staff, sales representatives and technicians.And now Platinum is facing a federal lawsuit filed by its primary dealer, Monitronics, demanding more than $2 million that Monitronics says Platinum owes it for bad accounts and loss of revenue guarantees. Monitronics, one of the nation's largest home security alarm monitoring...

Allen Jacobson, Ken Gill, monitronics, Platinum Protection, Securities and Exchange Commission, Wendell Jacobson


Read Full Articlered right arrow icon

Residential

SEC charges Utah security company investors with Ponzi scheme

December 21, 2011Tess Nacelewicz

AMERICAN FORK, Utah—Wendell Jacobson, a Utah real estate magnate who with his son provided the primary startup capital for Platinum Protection, is now facing charges from the U.S. Securities and Exchange Commission that he and his son have been running a $220 million real-estate Ponzi scheme—using their membership in the Mormon church to make connections and win the trust of potential investors.Wendell and Allen Jacobson no longer have any involvement in Platinum Protection, based here...

Allen Jacobson, Andrew Kindfuller, Church of Jesus Christ of Latter-day Saints, Jared Hallows, Mormon, Platinum Protection, Securities and Exchange Commission, Utah, Wendell Jacobson


Read Full Articlered right arrow icon