Joseph Repko and Sure Trace

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Joseph Repko, a Certified Public Accountant, was licensed to practice in the State of Pennsylvania since August 1981. From April through June 2009, Joseph Repko was the chief financial officer of Sure Trace Security Corporation and, during a portion of that time, its president.

The Security Exchange Commission’s complaint alleged that from April through June 2009, Repko and others engaged in a fraudulent scheme involving illicit kickbacks to induce the purchase of Sure Trace’s stock. Specifically, according to the complaint, Repko participated in paying illegal kickbacks to a purported trustee of an employee pension fund so the trustee would purchase 133 million restricted shares of the company’s stock. Repko and the other defendants attempted to conceal the kickbacks by entering into a sham consulting agreement between Sure Trace and a purported consulting company created to receive the kickbacks.