Judge Sam A. Crow, in a 27-page ruling in 2012, ordered the brothers to repay more than $1 million in ill-gotten gains and tacked on nearly $200,000 in interest charges.
accepted the SECs charge that they had violated securities laws and harmed investors, triggering hundreds of millions of dollars in losses in the region.
levied only $68,000 in penalties, citing the brothers ability to pay and their efforts to deal with Brookes financial crisis.
wrote, the Orrs assumed responsibilities for the struggling corporations, committed more of their personal financial resources to the different ventures and, as a result of the latter corporate failures, they are now bankrupt and lack the financial means to pay any significant penalties.
rejected what he
called the SECs cynicism that the defendants (the Orrs) were only motivated to save their own wealth in seeking to prop up their companies illegally.