Penny Stock Fraud

The SEC announced it obtained a final judgment  against  Defendants Charles S. Flemming, and  his  companies,  Ashlin Capital, LLC, and Kyoto Capital Group, LLC, for their role in a scheme to evade the registration provisions of the Securities  Act  of  1933.  The SEC alleged that Flemming obtained 102 million shares of U.S. Wind Farming stock in  an unregistered offering and then  directed the sale of the shares into the public market.  Flemming kick-backed proceeds from the sales to Wind Farming. The Final  Judgment permanently enjoins Flemming, Ashlin Capital, and Kyoto Capital Group from violating the registration provisions of the  federal  securities law and permanently  bars  them  from  participating  in  penny  stock offerings.