Steven Pierce Previous Convictions

Stephen Pierce has an Excellent Reputation on the Internet [ROFLMAO]

 

In the lawsuit filed by Stephen Pierce’s lawyers they state the following:

 

Plaintiffs, have, until the actions of Defendants, had an excellent reputation in the field of internet business marketing. Plaintiffs conduct a large amount of their business on the internet, and therefore their reputation on the internet is critical to their business..

 

The Internet disagrees with this statement (Material again taken from stephenpiercescam.net).

 

Stephen Pierce Internet Income (Previous Convictions)

You can find information here about Stephen Pierce previous conviction for Internet Fraud  or you can read it below.

Release: 4739-03 (CFTC Docket No. 02-15)
For Release: January 21, 2003
MICHIGAN RESIDENT STEPHEN PIERCE SETTLES CFTC ACTION CHARGING INTERNET FRAUD VIOLATIONS

CFTC Order Requires Stephen Pierce To Pay A Civil Monetary Penalty and Comply with Undertakings

WASHINGTON, D.C. – The U.S. Commodity Futures Trading Commission (CFTC) announced today the issuance of an order settling an administrative proceeding against Stephen Pierce of Ann Arbor, Michigan.

The CFTC order, entered on January 21, 2003, finds that, from approximately March 2000 through July 2002, Stephen Pierce, a registered commodity trading advisor (CTA), sold subscriptions to his futures trading recommendation services through various internet websites.

The order finds that Stephen Pierce touted his trading record and failed to disclose that it was based on hypothetical or simulated trading and not actual performanceFurther, the websites overstated the profit potential for Pierce’s trading recommendation services and understated the risk of loss. Finally, as a registered CTA who acted as such, Stephen Pierce was required to keep certain books and records, including client or subscriber information. The CFTC order finds that he failed to keep such records. The CFTC order arises out of an administrative complaint filed against Pierce on July 30, 2002 (see CFTC News Release 4683, July 30, 2002).

Without admitting or denying the findings in the CFTC order, Stephen Pierce consented to the entry of the order finding that he violated anti-fraud provisions of the Commodity Exchange Act, CFTC regulations requiring prescribed cautionary language when presenting simulated or hypothetical trading results, and CFTC recordkeeping requirements.

Specifically, the CFTC order:
• Finds that Stephen Pierce violated the Commodity Exchange Act and the CFTC regulations as charged in the complaint;
• Directs him to cease and desist from such further violations;
• Imposes a civil monetary penalty of $25,000; and
• Directs him to comply with specified undertakings regarding representations made on his internet websites.
The following Division of Enforcement staff are responsible for the case: Rosemary Hollinger, Scott R. Williamson, Robert J. Greenwald, Mark H. Bretscher, and Joy H. McCormack. A copy of the CFTC order can be found at www.cftc.gov.

Media Enforcement Contact:
Rosemary Hollinger
Associate Director
Chicago Regional Counsel
CFTC Division of Enforcement
(312) 596-0520

One commenter then listed the following judgements.

  1. truth says:

    Name Filed On File Type State Court Type Amount Case Number
    STEPHEN PIERCE 08-24-2010 TAX LIEN MI FEDERAL TAX LIEN $2,160
    STEPHEN A PIERCE Not reported BANKRUPTCY IN FED COURT CHAPTER 7 Bankruptcy
    STEPHEN PIERCE 04-09-2009 BANKRUPTCY MD MARYLAND FED COURT CHAPTER 13 CONVERSION TO CHAPTER 7
    STEPHEN PIERCE 09-22-2008 JUDGEMENT MD CIVIL NEW FILING $590
    STEPHEN PIERCE 08-12-2008 JUDGEMENT MD CIVIL NEW FILING $8,149
    STEPHEN PIERCE 10-30-2008 JUDGEMENT MD SMALL CLAIMS JUDGMENT $1,533
    STEPHEN A PIERCE 04-08-2003 TAX LIEN MD STATE TAX LIEN $10,190
    STEPHEN PIERCE 06-10-2003 SUIT FILED MD DISTRICT COURT SUIT $4,419
    STEPHEN PIERCE 08-14-2002 JUDGEMENT MD SMALL CLAIMS JUDGMENT $2,179
    STEPHEN PIERCE 08-14-2002 JUDGEMENT MD DISTRICT COURT JUDGMENT $2,179
    STEPHEN PIERCE 07-24-2001 JUDGEMENT MD DISTRICT COURT JUDGMENT $840
    STEPHEN PIERCE 06-07-2001 SUIT FILED MD DISTRICT COURT SUIT $869
    STEPHEN PIERCE 03-15-2000 JUDGEMENT MD MONTGOMERY DISTRICT COURT JUDGMENT $5,555
    STEPHEN PIERCE 06-06-2000 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $2,134
    STEPHEN PIERCE 08-06-1999 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $4,000
    STEPHEN PIERCE 01-14-1999 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $10,000
    STEPHEN PIERCE 01-27-1999 BANKRUPTCY MD MARYLAND FED COURT CHAPTER 7 FILING (NEW)
    STEPHEN PIERCE 02-05-1999 SUIT FILED MD DISTRICT COURT SUIT $1,113
    STEPHEN PIERCE 02-05-1998 JUDGEMENT MD DISTRICT COURT JUDGMENT $3,080
    STEPHEN A PIERCE 01-09-1998 JUDGEMENT MD DISTRICT COURT JUDGMENT $12,683
    STEPHEN A PIERCE 09-16-1997 SUIT FILED MD DISTRICT COURT SUIT $12,643
    STEPHEN PIERCE 12-08-1997 JUDGEMENT MD DISTRICT COURT JUDGMENT $5,352
    STEPHEN PIERCE 05-06-1997 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $12,850
    STEPHEN PIERCE 03-12-1997 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $1,028
    STEPHEN PIERCE 11-08-1995 JUDGEMENT MD MONTGOMERY DISTRICT COURT JUDGMENT $4,824
    STEPHEN PIERCE 08-14-1995 SUIT FILED MD MONTGOMERY DISTRICT COURT SUIT $4,784
    STEPHEN A PIERCE 03-29-1995 BANKRUPTCY MD GREENBELT CHAPTER 7 DISCHARGED
    STEPHEN A PIERCE 07-05-1995 BANKRUPTCY MD GREENBELT CHAPTER 13 DISMISSED
    STEPHEN PIERCE 12-07-1994 SUIT FILED MD DISTRICT COURT SUIT $2,184
    STEPHEN PIERCE 06-01-1993 JUDGEMENT MD DISTRICT COURT JUDGMENT
    STEPHEN PIERCE 09-22-1992 SUIT FILED MD DISTRICT COURT SUIT $324
    STEPHEN PIERCE 12-18-1992 SUIT FILED MD DISTRICT COURT SUIT $2,055
    STEPHEN A PIERCE 07-16-1992 JUDGEMENT MD DISTRICT COURT JUDGMENT $2,396
    STEPHEN A PIERCE 04-07-1992 SUIT FILED MD DISTRICT COURT SUIT $2,391
    STEPHEN A PIERCE 10-27-1992 SUIT FILED MD PRINCE GEORGE’S DISTRICT COURT SUIT $234

    Name Title Address
    Stephen Pierce Resident Agent 9525 Sherwood Dr
    Upper Marlboro, MD 20772
    BLACK AMERICA ONLINE INC
    Company Name Filing Date State Corporation ID
    BLACK AMERICA ONLINE INC 03-18-1996 MD F04358909

    National Criminal Record Search
    20 RECORD(S) FOUND
    Search Criteria
    FIRST NAME STEPHEN
    LAST NAME PIERCE
    DOB 19680804
    Search Detail Records
    Name Address SSN / DOB
    PIERCE, STEPHEN ALAN 898 WINDBROOKE DRIVE
    GAITHERSBURG MD 20879
    DOB: 08/04/1968 Age: 42
    MName ALAN
    Race AFRICAN AMERICAN
    Sex MALE
    Height 6’02″
    Weight 210 LBS

    CRIMINAL Offense
    OffenseName BD CK/UTTER/NSF/$30000 & UP
    OffenseCode 27.141
    CaseNumber 2D00082042
    State MD
    Source MD ADMIN OFFICE OF COURTS DISTRICT COURTS
    Court DISTRICT COURT FOR MONTGOMERY COUNTY – CRIMINAL SYSTEM
    CaseType criminal
    DispositionDate 02/07/2000
    Plea OTHER PLEA
    Disposition NOLLE PROSEQUI

    Offense
    OffenseName BD CK/UTTER/NSF/UND $10000
    OffenseCode 27.141.(A)
    CaseNumber 2D00082042
    State MD
    Source MD ADMIN OFFICE OF COURTS DISTRICT COURTS
    Court DISTRICT COURT FOR MONTGOMERY COUNTY – CRIMINAL SYSTEM
    CaseType criminal
    DispositionDate 02/07/2000
    Plea GUILTY

    OffenseName BD CK/UTTER/NSF/UND $3000
    OffenseCode 27.141.(A)
    CaseNumber 2D00082042
    State MD
    Source MD ADMIN OFFICE OF COURTS DISTRICT COURTS
    Court DISTRICT COURT FOR MONTGOMERY COUNTY – CRIMINAL SYSTEM
    CaseType criminal
    DispositionDate 02/07/2000
    Plea OTHER PLEA
    Disposition NOLLE PROSEQUI

Be Sociable, Share!