SEC v. Andrew Scott Corbman, No. 1:25-cv-01630 (Dec. 3, 2025) — Complaint
raw: SEC v. JURY TRIAL DEMANDED
SEC v. JURY TRIAL DEMANDED, No. 1:25-cv-01630 (Dec. 3, 2025)
Exhibit of Andrew Scott Corbman
Classified investment-adviser-fraud(confidence 100%). EDGAR detection: forms ADV/ADV-E/ADV-W/Form D· recall 33% / precision 13%. detection rule →
Statutes
15 U.S.C. § 77q(a)15 U.S.C. § 78j(b)15 U.S.C. § 77t(b)15 U.S.C. § 78u(d)15 U.S.C. § 78(u)15 U.S.C. § 77v(a)15 U.S.C. § 78aa(a)17 C.F.R. § 240.10b-5Section 17(a) of the Securities ActSection 10(b) of the Securities Exchange ActSection 20(d) of the Securities ActSections 20(b) a nd 22(a) of the Securities ActSections 20(b) a nd 22(a) of the Securities ActRule 10b-5
Parties
Frias BricenoRaycraftU.S. Department of Homeland Security
Keywords
corbmaninvestorstradingfundsdocument pagepage pageidloan agreementssecuritiessecurities exchangevirginiainvestmentexchangeloancv-eastern virginia
Extracted insights
Entities 2
- person Andrew Scott Corbman ×2
- agency Securities and Exchange Commission
Triples 13
- Securities And Exchange Commission files this Complaint against Andrew Scott Corbman
- Andrew Scott Corbman carried out a fraudulent scheme to induce multiple investors to purchase over $4 million of securities in the form of Loan Agreements
- Andrew Scott Corbman made materially false and misleading statements about his investment track record, the riskiness of the investments, and use of investor funds
- Andrew Scott Corbman misrepresented to investors that his past investments generated substantial returns
- Andrew Scott Corbman failed to inform his investors that he filed for personal bankruptcy in 2015, his registration was suspended and terminated in 2016, he consented to a bar from the securities industry in 2016, and he lost his Virginia insurance business license in 2019
- Andrew Scott Corbman misused nearly all of the approximately $4.15 million of investors’ funds primarily through extremely high-risk trading and to pay personal expenses including back taxes, credit card debt, and attorney fees
- Andrew Scott Corbman falsely assured investors that their funds were safe and that the investments were generating large returns
- Andrew Scott Corbman discouraged investors from attempting to withdraw their funds by convincing them to roll over principal and invest additional funds
- Andrew Scott Corbman admitted to investors that he was unable to return their funds and declared bankruptcy
- Andrew Scott Corbman violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder
- Securities And Exchange Commission seeks to permanently enjoin Andrew Scott Corbman from violating these laws again
- Securities And Exchange Commission seeks disgorgement of ill-gotten gains derived from Andrew Scott Corbman’s unlawful activity
- Securities And Exchange Commission seeks an order prohibiting Andrew Scott Corbman from acting as or being associated with an investment adviser
Text layers
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