District Court, C.D. California September 5, 1995, CV 94-4228 RAP (Ex) (Securities & Exchange Commission v. Cross Financial Services, Inc.)

ORDER GRANTING SECURITIES AND EXCHANGE COMMISSION’S MOTIONS FOR SUMMARY JUDGMENT AGAINST DEFENDANTS FOX, FRANKLIN, CROSS, SIEMENS, AND RELIEF DEFENDANT COLELLO AND DENYING COLELLO’S MOTION TO DISMISS OR FOR SUMMARY JUDGMENT

PAEZ, District Judge.

I

INTRODUCTION

This case illustrates the adage “if it sounds too good to be true, it probably is.