State AUSTIN. TEXAS

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JACK D. LADD DENISE VOIGT CRAWFORD CHAIRMAN SECURITIES COMMISSIONER BRYAN K. BROWN MEMBER JOHN R. MORGAN DEPUTY SECURITIES COMMISSIONER BETH ANN BLACKWOOD MEMBER Mail: P.O. BOX 13167 State WI LLI AM R. SMITH AUSTIN. TEXAS 7871 1-3167 MEMBER 208 E. 10th Street. 5th Floor Phone: (512) 305 -8300 Austin. Texas 78701-2407 EDWARD ESCUDERO Facsimle: (512)305 - 8310 www.ssb.state.tx.us MEMBER IN THE MATTER OF PROVIDENT CAPITAL INDEMNITY, LTD; HAROLD MARIDON; MINOR VARGAS CALVO DAVID AGUILAR; SECURE GROWTH LLC; ROBERT P. MCGANN; PATRICIA JANICK; HAUSCHILD & KLEIN AND DANIEL KLEIN § § § § § ; Order NO. ENF-08-CDO-1647 TO: Provident Capital Indemnity, Ltd. Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O. Boxes 189-2000 and 2000 San Jose, Costa Rica and. C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica Minor Vargas Calvo Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O. Boxes 189-2000 and 2000 San Jose, Costa Rica and. C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica Secure Growth LLC 930 S. Bell Boulevard, Suite 204 Cedar Park, Texas 78613 Harold Maridon Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O. Boxes 189-2000 and 2000 San Jose, Costa Rica and C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica David Aguilar Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O. Boxes 189-2000 and 2000 San Jose, Costa Rica and C/OMichael Bruney Virgin Lane 12 Roseau, St. George Dominica obert P. McGann 30 S. Bell Boulevard, Suite 204 edar Park, Texas 78613 R 9 C

Transcript of State AUSTIN. TEXAS

Page 1: State AUSTIN. TEXAS

JACK D. LADDDENISE VOIGT CRAWFORD CHAIRMANSECURITIES COMMISSIONER

BRYAN K. BROWN MEMBERJOHN R. MORGAN

DEPUTY SECURITIES COMMISSIONER BETH ANN BLACKWOOD

MEMBER Mail: P.O. BOX 13167 State WILLIAM R. SMITHAUSTIN. TEXAS 78711-3167

MEMBER 208 E. 10thStreet. 5th Floor

Phone: (512) 305-8300 Austin. Texas 78701-2407 EDWARD ESCUDERO

Facsimle:(512)305-8310 www.ssb.state.tx.us MEMBER

IN THE MATTER OF PROVIDENT CAPITAL INDEMNITY, LTD; HAROLD MARIDON; MINOR VARGAS CALVODAVID AGUILAR; SECURE GROWTH LLC; ROBERT P. MCGANN; PATRICIA JANICK; HAUSCHILD & KLEIN AND DANIEL KLEIN

§§§

§§

; Order NO. ENF-08-CDO-1647

TO: Provident Capital Indemnity, Ltd. Dessarrollos Comerciales Ronim, S.A.San Rafael-Heredia, Costa Rica and P. O.Boxes 189-2000 and 2000 San Jose, Costa Rica and. C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica

Minor Vargas Calvo Dessarrollos Comerciales Ronim, S.A.San Rafael-Heredia, Costa Rica and P. O.Boxes 189-2000 and 2000 San Jose, Costa Rica and. C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica

Secure Growth LLC 930 S. Bell Boulevard, Suite 204

Cedar Park, Texas 7861 3

Harold Maridon Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O.Boxes 189-2000 and 2000 San Jose, Costa Rica and C/O Michael Bruney Virgin Lane 12 Roseau, St. George Dominica

David Aguilar Dessarrollos Comerciales Ronim, S.A. San Rafael-Heredia, Costa Rica and P. O.Boxes 189-2000 and 2000 San Jose, Costa Rica and C/OMichael Bruney Virgin Lane 12 Roseau, St. George Dominica

obert P. McGann 30 S. Bell Boulevard, Suite 204 edar Park, Texas 78613

R9C

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Emergency Cease and Desist Capital Indemnity, Ltd., et 4

15. In connection with the offer for sale of the above-described bonded life contracts and bonds, Respondents are intentionally failing to disclose the following material facts:

a. Information regarding the names, background and experience of the officers and directors of Respondent SGL;

b. Information regarding the operating history of Respondent SGL and its background and experience in offering such investments; and

c. The assets and liabilities of Respondent SGL.

16. In connection with the offer for sale of the above-described bonded life contracts and bonds, Respondents represent that Respondent PCI received a 5A rating by Dunn & Bradstreet; that Respondent Maridon is the company underwriter; and that Respondents are offering an "AAA rated corporate bond," which are materially misleading or otherwise likely to deceive the public in light of the above alleged undisclosed facts.

CONCLUSIONS OF LAW

1. The above-described bonded life contracts and bonds are "securitiesn as that term is defined by Section 4.A of the Texas Securities Act.

2. Respondents are violating Section 7 of the Texas Securities Act by offering securities for sale in Texas at a time when the securities are not registered with the Securities Commissioner.

3. Respondents PCI, Maridon, Calvo, SGL, McGann and Janick are violating Section 12 of the Texas Securities Act by offering securities for sale in Texas without being registered pursuant to the provisions of Section 12 of the Texas Securities Act.

4. Respondents are engaging in fraud in connection with the offer for sale of securities.

5. Respondents have made an offer containing a statement that is materially misleading or otherwise likely to deceive the public.

6. Respondents' conduct, acts, and practices threaten immediate and irreparable public harm.

7. The foregoing violations constitute bases for the issuance of an Emergency Cease and Desist Order pursuant to Section 23-2 of the Texas Securities Act.

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