Final Judgment As To Jason M. Genet Signed By Judge Seybert

Following up on my post, "MMA Manager Jason Genet Consents To Entry of Final Judgment in SEC Action," on August 3, 2010, United States District Court Judge Joanna Seybert signed the "Final Judgment As To Jason M. Genet" and directed the Clerk of the Court to enter the final judgment forthwith and without further notice.

At the outset, the Final Judgment (the entire Final Judgment is available via Pacer) notes as follows:

The Securities and Exchange Commission having filed a Complaint and Defendant Jason M. Genet ("Defendant" or "Genet") having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction which Defendant admits); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment

With respect to money that Genet is required to pay, Section V of the Final Judgment provides, in part, as follows:

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $1,700,000, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $697,745.57 and a civil penalty in the amount of$130,000 pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)] and Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)]. At any time after 14 days following entry of this Final Judgment, the Commission may enforce the Court's judgment for disgorgement, prejudgment interest and a penalty by moving for civil contempt and/or through other collection procedures authorized by law. In response to any such civil contempt

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