SEC v. Matthew Derrick Hudson, No. LR-26411, Northern District of California (Sept. 24, 2025) — Press Release
raw: Matthew Derrick Hudson
Matthew Derrick Hudson, No. 3:25-cv-08106 (Sept. 24, 2025)
summary
Matthew Derrick Hudson, former CEO of Invenia, was charged by the SEC for orchestrating a $120 million offering fraud through falsified financial metrics and forged documents.
paragraph
The SEC charged Invenia Technical Computing Corporation former CEO Matthew Derrick Hudson with raising approximately $120 million through fraudulent funding rounds. Hudson allegedly inflated gross revenue, net income, and cash on hand using falsified financial statements and forged signatures. The complaint alleges violations of Section 10(b) of the Securities Exchange Act of 1934 and Section 17(a) of the Securities Act of 1933.
narrative
The SEC has charged Matthew Derrick Hudson, the former CEO and co-founder of Invenia Technical Computing Corporation, with orchestrating a $120 million fraud. Between October 2020 and January 2022, Hudson allegedly misled U.S. investors by inflating key metrics like gross revenue and net income. To secure funding, he utilized falsified financial statements, fake invoices, and forged board resolutions, including one round never authorized by the board. The SEC's complaint also highlights the use of forged signatures to deceive investors. Hudson faces charges for violating Section 10(b) of the Securities Exchange Act and Section 17(a) of the Securities Act. The SEC is seeking permanent injunctions, disgorgement with prejudgment interest, civil penalties, and an officer and director bar.
Classified pre-ipo-fraud(confidence 100%). EDGAR detection: forms S-1/Form D/1-A· recall 72% / precision 8%. detection rule →
Parties
Securities And Exchange CommissionHudson
Keywords
hudsonmatthew derrickderrick hudsonsecurities exchangeexchange commissionsecuritiessecinvestorsmatthewderrickexchangeinveniacommission matthewprivate technologytechnology company
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 2
- $120.00M $120 Million $100M–$1B
- $120.00M $120 million $100M–$1B
Entities 3
- court complaint in the u.s. district court for the northern district of california
- person matthew derrick hudson
- agency Securities and Exchange Commission
Triples 12
- Securities And Exchange Commission charged Matthew Derrick Hudson
- Matthew Derrick Hudson raised approximately $120 million from U.S.-based investors
- Matthew Derrick Hudson made material misrepresentations to investors about Invenia’s financial condition and performance
- Matthew Derrick Hudson created falsified financial statements, invoices, and other documents
- Matthew Derrick Hudson inflated key financial metrics of the company such as its gross revenue, net income, and cash on hand
- Matthew Derrick Hudson provided investors with fake investor lists, board resolutions, and closing documents
- Matthew Derrick Hudson forged signatures of various other purported investors
- Securities And Exchange Commission filed complaint in the U.S. District Court for the Northern District of California
- Securities And Exchange Commission charges Matthew Derrick Hudson with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933
- Securities And Exchange Commission seeks permanent injunctions, disgorgement plus prejudgment interest, civil penalties, and an officer and director bar
- Securities And Exchange Commission conducted investigation by Yoona Kim and supervised by David Zhou and Jason H. Lee
- Securities And Exchange Commission will be led by Anthony Moreno and Ms. Kim and supervised by Jason M. Bussey
PDF (from attached: complaint)
Text layers
Extracted body text (2,076c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26411 / September 24, 2025 Securities and Exchange Commission v. Matthew Derrick Hudson, No. 3:25-cv-08106 (N.D. Cal. filed Sept. 24, 2025) SEC Charges Former CEO of Private Technology Company Invenia with $120 Million Offering Fraud The Securities and Exchange Commission today charged Matthew Derrick Hudson, the former CEO and co-founder of Canadian private technology company Invenia Technical Computing Corporation, with fraudulently raising approximately $120 million from U.S.-based investors. According to the SEC’s complaint, from at least October 2020 through January 2022, Hudson conducted two funding rounds in which he made material misrepresentations to investors about Invenia’s financial condition and performance, including by creating and providing investors with falsified financial statements, invoices, and other documents. As alleged, Hudson dramatically inflated key financial metrics of the company such as its gross revenue, net income, and cash on hand. The complaint further alleges that one of the funding rounds was never authorized by Invenia’s board of directors. To carry out that offering, Hudson allegedly provided investors with, among other things, fake investor lists, board resolutions, and closing documents, including one set of closing documents that contained the forged signatures of various other purported investors. The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Hudson with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933. The SEC seeks permanent injunctions, including a conduct-based injunction, disgorgement plus prejudgment interest, civil penalties, and an officer and director bar. The SEC’s investigation was conducted by Yoona Kim and supervised by David Zhou and Jason H. Lee of the San Francisco Regional Office. The SEC’s litigation will be led by Anthony Moreno and Ms. Kim and supervised by Jason M. Bussey.
OCR text (2,076c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26411 / September 24, 2025 Securities and Exchange Commission v. Matthew Derrick Hudson, No. 3:25-cv-08106 (N.D. Cal. filed Sept. 24, 2025) SEC Charges Former CEO of Private Technology Company Invenia with $120 Million Offering Fraud The Securities and Exchange Commission today charged Matthew Derrick Hudson, the former CEO and co-founder of Canadian private technology company Invenia Technical Computing Corporation, with fraudulently raising approximately $120 million from U.S.-based investors. According to the SEC’s complaint, from at least October 2020 through January 2022, Hudson conducted two funding rounds in which he made material misrepresentations to investors about Invenia’s financial condition and performance, including by creating and providing investors with falsified financial statements, invoices, and other documents. As alleged, Hudson dramatically inflated key financial metrics of the company such as its gross revenue, net income, and cash on hand. The complaint further alleges that one of the funding rounds was never authorized by Invenia’s board of directors. To carry out that offering, Hudson allegedly provided investors with, among other things, fake investor lists, board resolutions, and closing documents, including one set of closing documents that contained the forged signatures of various other purported investors. The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Hudson with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933. The SEC seeks permanent injunctions, including a conduct-based injunction, disgorgement plus prejudgment interest, civil penalties, and an officer and director bar. The SEC’s investigation was conducted by Yoona Kim and supervised by David Zhou and Jason H. Lee of the San Francisco Regional Office. The SEC’s litigation will be led by Anthony Moreno and Ms. Kim and supervised by Jason M. Bussey.