The judge issued a summary judgment against John Edwards Daryl Anderson, a stockbroker at now-closed NevWest Securities Corp. Defendants in the case sold most of the worthless stock through a Las Vegas brokerage, causing 40,000 investors to lose a total of $64 million, according to the court order.
District Judge Larry Hicks on Tuesday signed a summary judgment order against four defendants in the Securities and Exchange Commission lawsuit against CMKM Diamonds, a penny stock company that had no legitimate business. The federal government won a judgment against a key defendant in the CMKM Diamond stock fraud case for $55 million, but a source close to the case said the defendant’s whereabouts is unknown.
