SEC v. Collins et al., No. 1:21-cv-05040 (Dec. 5, 2025) — Judgment

[OCR_UNRECOVERABLE method=recover reason=missing_pdf ts=2026-08-11T14:53:34.819Z]                                                           

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under which they were made, not misleading; or 

(c) to engage in any act, practice, or course of business which operates or would

operate as a fraud or deceit upon any person.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in 

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who 

receive actual notice of this Judgment by personal service or otherwise: (a) Defendants' officers, 

agents, servants, employees, and attorneys; and (b) other persons in active concert or 

participation with Defendants or with anyone described in (a). 

II. 

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that 

Defendants are permanently restrained and enjoined from violating Section 17(a) of the 

Securities Act of 1933 (the "Securities Act") [15 U.S.C. § 77q(a)] in the offer or sale of any 

security by the use of any means or instruments of transportation or communication in interstate 

commerce or by use of the mails, directly or indirectly: 

(a) to employ any device, scheme, or artifice to defraud;

(b) to obtain money or property by means of any untrue statement of a material fact

or any omission of a material fact necessary in order to make the statements

made, in light of the circumstances under which they were made, not misleading;

or

( c) to engage in any transaction, practice, or course of business which operates or

would operate as a fraud or deceit upon the purchaser.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in 

Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who 

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by the entry of the Restitution Order in the related criminal case, United States v. Collins et al.

20-cr-232, Dkt. 250 (N.D. Ill), requiring him to pay $67,243,790.94.

VI. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consents of 

the Defendants are incorporated herein with the same force and effect as if fully set forth herein, 

and that Defendants shall comply with all of the undertakings and agreements set forth therein. 

VII. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for 

purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. 

§523, the allegations in the complaint are true and admitted by Defendants, and further, any debt

for disgorgement, prejudgment interest, civil penalty or other amounts due by Defendants under 

this Final Judgment or any other judgment, order, consent order, decree or settlement agreement 

entered in connection with this proceeding, is a debt for the violation by Defendants of the 

federal securities laws or any regulation or order issued under such laws, as set forth in Section 

523(a)(19) of the Bankruptcy Code, 11 U.S.C. §523(a)(19). 

VIII. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall 

retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. 

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IX. 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that there is no just 

reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is 

ordered to enter this Final Judgment forthwith and without further notice. 

DATED: December 3, 2025 ENTERED:

___________________________
LASHONDA A. HUNT
United States District Judge 

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