Des Champs, Steven - Las Vegas, NV

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Des Champs’ AICPA membership was terminated, effective February 17, 2012, in connection with the Securities and Exchange Commission’s disciplinary action. Specifically, the SEC suspended Mr. Des Champs from appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after five years from the date of the SEC’s Order. This decision was based on the SEC’s allegations that while serving in the positions of CAO and CFO, Mr. Des Champs: (1) aided and abetted in the “Company’s” violation of Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, 13a-11, and 13a-13 thereunder, by providing substantial assistance to an issuer that files false and misleading annual, quarterly, and current reports with the Commission; (2) he aided and abetted in the “Company’s” violation of Exchange Act Section 13(b)(2)(A) by providing substantial assistance to an issuer that fails to make or keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the company’s transactions and dispositions of its assets; and (3) certifying the “Company’s”  Form 10K for the year ended June 30, 2005, and its Form 10-Q for the period ended March 31, 2005, in violation of exchange Act Rule 13a-14.