SEC v. John Olsen; ARCPE 1, LLC; ARCPE Holding, LLC; Gemini 1, LLC; Tamiwest, LLC; Harbor Realty Investment Corp., et al., No. LR-26511, Northern District of Texas (Mar. 27, 2026) — Press Release

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26511 / March 27, 2026Securities and Exchange Commission v. John Olsen, et al., Misc. Action No. 4:26-MC-0003 (N.D. Tex. filed Mar. 27, 2026)SEC Files Subpoena Enforcement Action against Florida Executive and Six Companies in Connection with Investigation into Possible Market-Manipulation SchemeOn March 27, 2026, the Securities and Exchange Commission filed a subpoena enforcement action in the United States District Court for the Northern District of Texas, seeking an order to compel Florida business executive John Olsen and six companies affiliated with him to produce materials in compliance with SEC-issued investigative subpoenas.According to the SEC’s application and supporting papers, the SEC issued the subpoenas on October 15, 2024. The SEC’s application alleges that the subpoenas required Olsen and entities ARCPE 1, LLC; ARCPE Holding, LLC; Gemini 1, LLC; Tamiwest, LLC; Harbor Realty Investment Corp.; and Sunset Harbor Holdings, LLC (together, “the respondents”) to produce documents, communications, and electronically stored information in response to the SEC’s requests. As alleged, the SEC issued the subpoenas in an investigation to determine whether any persons or entities violated the antifraud or other provisions of the federal securities laws in connection with a potential market-manipulation scheme to inflate the price of securities issued by Mondee Holdings, Inc.As alleged in the SEC’s application, despite repeated attempts to secure compliance with the subpoenas, the respondents did not produce documents by the compliance deadline. The SEC further alleges that although one of the companies made a partial production in April 2025, no additional documents have been produced. According to the SEC’s application, on July 3, 2025—approximately eight months after receiving the subpoenas—the respondents asserted constitutional objections and advised that they would not produce any additional documents.The SEC’s application requests that the Court enter an order directing the respondents to produce all documents, communications, and electronically stored information, and tangible items responsive to the subpoenas and granting any further relief necessary to secure full compliance with the subpoenas.The SEC is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26511 / March 27, 2026Securities and Exchange Commission v. John Olsen, et al., Misc. Action No. 4:26-MC-0003 (N.D. Tex. filed Mar. 27, 2026)SEC Files Subpoena Enforcement Action against Florida Executive and Six Companies in Connection with Investigation into Possible Market-Manipulation SchemeOn March 27, 2026, the Securities and Exchange Commission filed a subpoena enforcement action in the United States District Court for the Northern District of Texas, seeking an order to compel Florida business executive John Olsen and six companies affiliated with him to produce materials in compliance with SEC-issued investigative subpoenas.According to the SEC’s application and supporting papers, the SEC issued the subpoenas on October 15, 2024. The SEC’s application alleges that the subpoenas required Olsen and entities ARCPE 1, LLC; ARCPE Holding, LLC; Gemini 1, LLC; Tamiwest, LLC; Harbor Realty Investment Corp.; and Sunset Harbor Holdings, LLC (together, “the respondents”) to produce documents, communications, and electronically stored information in response to the SEC’s requests. As alleged, the SEC issued the subpoenas in an investigation to determine whether any persons or entities violated the antifraud or other provisions of the federal securities laws in connection with a potential market-manipulation scheme to inflate the price of securities issued by Mondee Holdings, Inc.As alleged in the SEC’s application, despite repeated attempts to secure compliance with the subpoenas, the respondents did not produce documents by the compliance deadline. The SEC further alleges that although one of the companies made a partial production in April 2025, no additional documents have been produced. According to the SEC’s application, on July 3, 2025—approximately eight months after receiving the subpoenas—the respondents asserted constitutional objections and advised that they would not produce any additional documents.The SEC’s application requests that the Court enter an order directing the respondents to produce all documents, communications, and electronically stored information, and tangible items responsive to the subpoenas and granting any further relief necessary to secure full compliance with the subpoenas.The SEC is continuing its fact-finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.