Securities Exchange Commission V John Doe Complaint
Securities Exchange Commission V John Doe Complaint, No. 2:19-cv-05404 (Sept. 23, 2019)
Defendants in Case 2:19-cv-05404 allegedly defrauded investors through a cryptocurrency investment platform, misappropriating over $10 million, and were charged with securities violations by the SEC.
The SEC filed a complaint on September 23, 2019, against individuals and entities involved in a fraudulent scheme to defraud investors through false representations regarding a cryptocurrency investment platform. The defendants allegedly misled investors by fabricating trading profits, falsifying financial statements, and misappropriating over $10 million in investor funds for personal use. The SEC charged them with violations of Sections 5, 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934.
The SEC filed a complaint on September 23, 2019, in Case 2:19-cv-05404, against defendants involved in a fraudulent scheme to defraud investors through false representations regarding a cryptocurrency investment platform. The defendants allegedly misled investors by fabricating trading profits, falsifying financial statements, and misappropriating over $10 million in investor funds for personal use, including financing luxury real estate, vehicles, and other personal luxuries. The SEC charged them with violations of Sections 5, 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934, along with related rules. The complaint seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties. The case also seeks a trading bar against the defendants. The alleged fraud resulted in the misappropriation of over $12 million in investor funds.
Extracted insights
- person Cecilia B. Connor
- person James E. Smith
- person Matthew F. Scarlato
- organization United States Securities And Exchange Commission
- Case 2:19-cv-05404 filed 09/23/19
Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 1 of 21 PageID #: 1 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 2 of 21 PageID #: 2 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 3 of 21 PageID #: 3 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 4 of 21 PageID #: 4 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 5 of 21 PageID #: 5 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 6 of 21 PageID #: 6 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 7 of 21 PageID #: 7 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 8 of 21 PageID #: 8 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 9 of 21 PageID #: 9 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 10 of 21 PageID #: 10 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 11 of 21 PageID #: 11 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 12 of 21 PageID #: 12 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 13 of 21 PageID #: 13 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 14 of 21 PageID #: 14 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 15 of 21 PageID #: 15 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 16 of 21 PageID #: 16 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 17 of 21 PageID #: 17 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 18 of 21 PageID #: 18 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 19 of 21 PageID #: 19 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 20 of 21 PageID #: 20 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 21 of 21 PageID #: 21
Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 1 of 21 PageID #: 1 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 2 of 21 PageID #: 2 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 3 of 21 PageID #: 3 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 4 of 21 PageID #: 4 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 5 of 21 PageID #: 5 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 6 of 21 PageID #: 6 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 7 of 21 PageID #: 7 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 8 of 21 PageID #: 8 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 9 of 21 PageID #: 9 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 10 of 21 PageID #: 10 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 11 of 21 PageID #: 11 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 12 of 21 PageID #: 12 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 13 of 21 PageID #: 13 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 14 of 21 PageID #: 14 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 15 of 21 PageID #: 15 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 16 of 21 PageID #: 16 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 17 of 21 PageID #: 17 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 18 of 21 PageID #: 18 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 19 of 21 PageID #: 19 Case 2:19-cv-05404 Document 1 Filed 09/23/19 Page 20 of 21 PageID #: 20 Case 2:19-cv-05404 Documenti1 Filed 09/23/19 Page 21 of 21 PagelD #: 21 VI. Granting such other and further relief as the Court may deem just and proper. Dated: September 23, 2019 Respectfully submitted, OS orn — Cecilia B. Connor (CB5956) UNITED STATES SECURITIES AND EXCHANGE COMMISSION 1617 JFK Boulevard, Suite 520 Philadelphia, PA 19103 215-597-2950 [email protected] James E. Smith (motion for admission Pro Hac Vice Pending) UNITED STATES SECURITIES AND EXCHANGE COMMISSION 100 F St., N.E. Washington, D.C. 20549-5985 202-551-5881 [email protected] Matthew F. Scarlato (motion for admission Pro Hac Vice Pending) UNITED STATES SECURITIES AND EXCHANGE COMMISSION 100 F St., N.E. Washington, D.C. 20549-5985 202-551-3749 [email protected] OF COUNSEL: Amy L. Friedman Andrew M. Elliott SECURITIES AND EXCHANGE COMMISSION 100 F St., N.E. Washington, D.C. 20549-5985 21