SEC v. Scott Jeffrey Mason; Rubicon Wealth Management, LLC; and Orchard Park Real Estate Holdings LLC, No. LR-26451, Eastern District of Pennsylvania (Dec. 19, 2025) — Press Release

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26451 / December 19, 2025Securities and Exchange Commission v. Scott Jeffrey Mason, et al., No. 2:25-cv-00292 (E.D. Pa. filed Jan. 17, 2025)SEC Obtains Final Consent Judgments As To Philadelphia-Area Investment Adviser and Related Entities Alleged To Have Engaged In Multimillion Dollar FraudOn December 12, 2025, the United States District Court for the Eastern District of Pennsylvania entered final consent judgments in the SEC’s civil enforcement action as to Scott Jeffrey Mason, former Pennsylvania-based investment adviser Rubicon Wealth Management, LLC, and Orchard Park Real Estate Holdings LLC.The SEC’s complaint, filed on January 17, 2025, alleged that from at least 2014 to 2024 Mason misappropriated millions of dollars in client funds for his personal use, including purchase of a share of a miniature golf course and personal expenses such as country club dues and credit card debt.Mason, Rubicon, and Orchard Park consented to final judgments permanently enjoining them from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Mason and Rubicon also consented to permanent injunctions enjoining them from violating Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The final consent judgments also hold Mason, Rubicon, and Orchard Park jointly and severally liable for disgorgement of $17,734,515.69 and $4,913,428.60 in prejudgment interest, which were deemed satisfied by restitution and forfeiture orders entered in the parallel criminal case, United States v. Mason, No. 2:25-cr-00025 (E.D. Pa.), in which Mason pleaded guilty and was sentenced to 97 months in prison.The SEC’s investigation was conducted by Laura E.L. Gavin, Brian P. Thomas, and Norman P. Ostrove in the SEC’s Philadelphia Regional Office, supervised by Scott A. Thompson and Nicholas P. Grippo. Spencer Willig and Judson Mihok led the litigation, supervised by Gregory R. Bockin. The SEC appreciates the assistance of the United States Attorney’s Office for the Eastern District of Pennsylvania and the FBI.

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26451 / December 19, 2025Securities and Exchange Commission v. Scott Jeffrey Mason, et al., No. 2:25-cv-00292 (E.D. Pa. filed Jan. 17, 2025)SEC Obtains Final Consent Judgments As To Philadelphia-Area Investment Adviser and Related Entities Alleged To Have Engaged In Multimillion Dollar FraudOn December 12, 2025, the United States District Court for the Eastern District of Pennsylvania entered final consent judgments in the SEC’s civil enforcement action as to Scott Jeffrey Mason, former Pennsylvania-based investment adviser Rubicon Wealth Management, LLC, and Orchard Park Real Estate Holdings LLC.The SEC’s complaint, filed on January 17, 2025, alleged that from at least 2014 to 2024 Mason misappropriated millions of dollars in client funds for his personal use, including purchase of a share of a miniature golf course and personal expenses such as country club dues and credit card debt.Mason, Rubicon, and Orchard Park consented to final judgments permanently enjoining them from violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Mason and Rubicon also consented to permanent injunctions enjoining them from violating Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The final consent judgments also hold Mason, Rubicon, and Orchard Park jointly and severally liable for disgorgement of $17,734,515.69 and $4,913,428.60 in prejudgment interest, which were deemed satisfied by restitution and forfeiture orders entered in the parallel criminal case, United States v. Mason, No. 2:25-cr-00025 (E.D. Pa.), in which Mason pleaded guilty and was sentenced to 97 months in prison.The SEC’s investigation was conducted by Laura E.L. Gavin, Brian P. Thomas, and Norman P. Ostrove in the SEC’s Philadelphia Regional Office, supervised by Scott A. Thompson and Nicholas P. Grippo. Spencer Willig and Judson Mihok led the litigation, supervised by Gregory R. Bockin. The SEC appreciates the assistance of the United States Attorney’s Office for the Eastern District of Pennsylvania and the FBI.