Tuesday, October 20, 2009


BANZAI7 NEWS--It's not every day the Federal Aviation Administration and the Securities and Exchange Commission has to consider the flight of a silver UFO-looking helium balloon.

"This is unusual," acknowledges Mike the spokesman for the FAA in Washington state, which opened an investigation into the two-hour balloon flight in FAA-monitored airspace. "But we investigate any air incident. The investigation is solely focusing on if we had any violations of our regulatory authority or regulations."

The Securities and Exchange Commission also announced it has also issued a Wells Notice that it intends to recommend that enforcement proceedings be commenced against the Heene family based on allegations of fraudulent and misleading statements and "puffing".

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