CHARLES B. SPADONI, : PURSUANT TO RULE 102(e)(2) OF THE
Connecticut attorney Charles B. Spadoni was convicted of racketeering, wire fraud, bribery, and obstruction of justice in connection with a scheme involving Triumph Capital Group and federal programs, resulting in a 36-month prison sentence, a $50,000 fine, and immediate suspension from practicing before the SEC under Rule 102(e)(2).
Charles B. Spadoni, a Connecticut-licensed attorney, was convicted on October 27, 2006, in U.S. v. Triumph Capital Group, Inc., et al., on five felony counts including racketeering, wire fraud, theft of honest services, bribery concerning programs receiving federal funds, and obstruction of justice. He was sentenced to 36 months in federal prison and ordered to pay a $50,000 fine. The SEC determined these convictions involved moral turpitude, triggering automatic suspension under Rule 102(e)(2), leading to his immediate prohibition from appearing or practicing before the Commission.
Charles B. Spadoni, an attorney licensed in Connecticut, was convicted on October 27, 2006, in the U.S. District Court for the District of Connecticut on multiple felony charges stemming from a corruption scheme involving Triumph Capital Group, Inc. The charges included racketeering, racketeering conspiracy, theft/bribery concerning programs receiving federal funds, four counts of wire fraud/theft of honest services, and obstruction of justice, all tied to bribery and deception that undermined federal programs. As a result of the conviction, Spadoni was sentenced to 36 months in a federal penitentiary and ordered to pay a $50,000 fine. The Securities and Exchange Commission, pursuant to Rule 102(e)(2) of its Rules of Practice, found that these felony convictions involved moral turpitude, mandating immediate suspension from appearing or practicing before the Commission. The SEC’s order of forthwith suspension was issued on November 17, 2006, without requiring further proceedings, as the criminal conviction alone triggered the automatic suspension provision. No settlement, appeal, or mitigation was noted in the SEC’s order, underscoring the mandatory nature of the penalty under federal securities regulations. Spadoni’s conduct not only violated criminal statutes but also breached the ethical standards expected of professionals before the SEC.
Extracted insights
- $50K $50,000 $10K–$100K
- court u.s. district court for the district of connecticut
- organization U.S. District Court For The District Of Connecticut
- Charles B. Spadoni was convicted of racketeering, racketeering conspiracy, theft/bribery concerning programs receiving federal funds, wire fraud/theft of honest services, and obstruction of justice
- U.S. District Court for the District of Connecticut entered judgment against Charles B. Spadoni
- Commission ordered suspension of Charles B. Spadoni from appearing or practicing before the Commission
- Charles B. Spadoni was sentenced to 36 months imprisonment and a $50,000 fine
______________________________
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 54774 / November 17, 2006
ADMINISTRATIVE PROCEEDING
File No. 3-12480
:
In the Matter of :
: ORDER OF FORTHWITH SUSPENSION
CHARLES B. SPADONI, : PURSUANT TO RULE 102(e)(2) OF THE
: COMMISSION=S RULES OF PRACTICE
Respondent. :
______________________________:
I.
The Securities and Exchange Commission deems it appropriate to issue an order of
forthwith suspension of Charles B. Spadoni pursuant to Rule 102(e)(2) of the Commission’s
Rules of Practice [17 C.F.R. 200.102(e)(2)].
1
II.
The Commission finds that:
1. Spadoni is an attorney admitted to practice in Connecticut.
2. On October 27, 2006, a judgment of conviction was entered against Spadoni, in
U.S. v. Triumph Capital Group, Inc., et al., Criminal No. 3:00CR-217 (EBB), in the United
States District Court for the District of Connecticut, finding him guilty of: (a) one count of
racketeering in violation of 18 U.S.C. ' 1962(c) concerning acts of bribery and obstruction of
justice; (b) one count of racketeering conspiracy in violation of 18 U.S.C. ' 1962(d) concerning
acts of bribery and obstruction of justice; (c) one count of theft/bribery concerning programs
receiving federal funds in violation of 18 U.S.C. '' 666(a)(2) and 2; (d) four counts of wire
fraud/theft of honest services in violation of 18 U.S.C. '' 1343, 1436, and 2; and (e) one count
of obstruction of justice in violation of 18 U.S.C. '1503.
Rule 102(e)(2) provides in pertinent part: “Any ... person who has been convicted of a felony or a
misdemeanor involving moral turpitude shall be forthwith suspended from appearing or practicing before the
Commission.@
1
3. As a result of this conviction, Spadoni was sentenced to 36 months imprisonment
in a federal penitentiary and ordered to pay a fine in the amount of $50,000.
III.
In view of the foregoing, the Commission finds that Spadoni has been convicted of a
felony within the meaning of Rule 102(e)(2) of the Commission’s Rules of Practice.
Accordingly, IT IS ORDERED that Charles B. Spadoni is forthwith suspended from
appearing or practicing before the Commission pursuant to Rule 102(e)(2) of the Commission’s
Rules of Practice.
By the Commission.
Nancy M. Morris
Secretary ______________________________
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 54774 / November 17, 2006
ADMINISTRATIVE PROCEEDING
File No. 3-12480
:
In the Matter of :
: ORDER OF FORTHWITH SUSPENSION
CHARLES B. SPADONI, : PURSUANT TO RULE 102(e)(2) OF THE
: COMMISSION=S RULES OF PRACTICE
Respondent. :
______________________________:
I.
The Securities and Exchange Commission deems it appropriate to issue an order of
forthwith suspension of Charles B. Spadoni pursuant to Rule 102(e)(2) of the Commission’s
Rules of Practice [17 C.F.R. 200.102(e)(2)].1
II.
The Commission finds that:
1. Spadoni is an attorney admitted to practice in Connecticut.
2. On October 27, 2006, a judgment of conviction was entered against Spadoni, in
U.S. v. Triumph Capital Group, Inc., et al., Criminal No. 3:00CR-217 (EBB), in the United
States District Court for the District of Connecticut, finding him guilty of: (a) one count of
racketeering in violation of 18 U.S.C. ' 1962(c) concerning acts of bribery and obstruction of
justice; (b) one count of racketeering conspiracy in violation of 18 U.S.C. ' 1962(d) concerning
acts of bribery and obstruction of justice; (c) one count of theft/bribery concerning programs
receiving federal funds in violation of 18 U.S.C. '' 666(a)(2) and 2; (d) four counts of wire
fraud/theft of honest services in violation of 18 U.S.C. '' 1343, 1436, and 2; and (e) one count
of obstruction of justice in violation of 18 U.S.C. '1503.
Rule 102(e)(2) provides in pertinent part: “Any ... person who has been convicted of a felony or a
misdemeanor involving moral turpitude shall be forthwith suspended from appearing or practicing before the
Commission.@
1
3. As a result of this conviction, Spadoni was sentenced to 36 months imprisonment
in a federal penitentiary and ordered to pay a fine in the amount of $50,000.
III.
In view of the foregoing, the Commission finds that Spadoni has been convicted of a
felony within the meaning of Rule 102(e)(2) of the Commission’s Rules of Practice.
Accordingly, IT IS ORDERED that Charles B. Spadoni is forthwith suspended from
appearing or practicing before the Commission pursuant to Rule 102(e)(2) of the Commission’s
Rules of Practice.
By the Commission.
Nancy M. Morris
Secretary