SEC v. LinkTel Communications, Inc.

On December 1, 2000, the SEC obtained permanent injunctions, asset freezes, and other relief against LinkTel Communications, Inc., T.P.C. Communications, Inc., and Jeffrey S. Altman. The SEC alleges that the defendants fraudulently raised more than $6.4 million from approximately 270 investors, primarily through the unregistered sale of customer-owned, coin-operated telephones offered and sold in units. For more information about the SEC's action, you can read Litigation Release No. 16816 (December 4, 2000).

The Court appointed William G. Hays & Assoc., L.L.C. as receiver to take control of LinkTel and T.P.C., and to collect their assets and distribute them to defauded investors. The receiver has set up a website that includes a status report dated June 22, 2004.

http://www.sec.gov/divisions/enforce/claims/linktel.htm