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FORMER PRESIDENT OF GEORGETOWN COMPANY CHARGED IN SECURITIES FRAUD

April 2, 2010

BOSTON, MA - A Texas man was charged today in federal court with Securities Fraud for making false statements to the public and to the Securities and Exchange Commission in connection with the sale of stock of a company for which he served as president from 2004 to 2007.

United States Attorney Carmen M. Ortiz, Warren T. Bamford, Special Agent in Charge of the Federal Bureau of Investigation - Boston Field Division and Susan M. Dukes, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation – Boston Field Division, announced today that DANIEL O’RIORDAN, 45, formerly of Boxford, MA and now of Providence Village, Texas, was charged in an Information with Fraud In Connection with the Purchase and Sale of Securities.

The Information alleges that O’RIORDAN was the President of Paradigm Tactical Products, Inc., with offices in Georgetown, Massachusetts, when he acted in concert with others to file false documents with the SEC. The false filings were used to fraudulently obtain an exemption from stringent SEC registration, reporting and disclosure requirements in connection with sales of the company’s stock to the public. In particular, the Information alleges that as president of the company O’RIORDAN signed a false “Form D” which fraudulently reported that a private offering had been made to purchasers of company stock in 2002, that the purchasers were accredited investors who met SEC investor requirements regarding financial assets and income, and that there were no individuals who owned more than 10% of the company’s equity shares. The Information alleges that, in fact, there was no private offering in 2002, the purported investors did not pay for shares of the company, and the shares of the company were actually owned entirely by someone other than the individuals reported to the SEC. The Information further alleges that O’RIORDAN was involved in issuing false press releases about the company for the purpose of influencing public stock sales.

If convicted on the securities fraud charge, O’RIORDAN faces up to 20 years imprisonment, to be followed by up to five years of supervised release and a $5 million fine.

The case was investigated by special agents of the Federal Bureau of Investigation and the Internal Revenue Service. It is being prosecuted by Assistant U.S. Attorney Victor A. Wild of Ortiz's Economic Crimes Unit.

The details contained in the Information are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

If you believe you were a victim of this crime contact the U.S. Attorney’s Office Victim Assistance Staff or view the U.S. Attorney’s Office website at www.usdoj.gov/usao/ma.

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