SEC v. ARTHUR F. WAMMEL, No. 4:17-cv-00336-ALM, Eastern District of Texas (Feb. 20, 2025) — Judgment

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF TEXAS
SHERMAN DIVISION
_____________________________________________ 
SECURITIES AND EXCHANGE COMMISSION   :
      :
Plaintiff,  :
      :
v.      :   Civil Action No.: 4:17-cv-00336-ALM
      :
THURMAN P. BRYANT, III,     :
BRYANT UNITED CAPITAL FUNDING, INC., :
ARTHUR F. WAMMEL,  :
WAMMEL GROUP, LLC, and :
:
Defendants.  :
:
FINAL JUDGMENT AS TO DEFENDANT ARTHUR F. WAMMEL
The Court hereby issues an order GRANTING the Commission’s Motion for Remedies
and for Entry of Final Judgments (Dkt. #393).  Based on that order, all the files, records, and
proceedings in this action, the Court is of the opinion that Final Judgment as to Defendant
Arthur F. Wammel (“Defendant”) should be entered as follows:
I.
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is
permanently restrained an
d enjoined from violating, directly or indirectly, Section 10(b) of the
Securities Exchange Act of 1934 (the “Exchange Act”) [
15 U.S.C. § 78j(b)] and Rule 10b-5
promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of
interstate commerce, or of the mails, or of any facility of any national securities exchange, in
connection with the purchase or sale of any security:
(a)to employ any device, scheme, or artifice to defraud;

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(b)to make any untrue statement of a material fact or to omit to state a material fact
necessary in order to make the statements made, in the light of the circumstances
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 Final Judgment by personal service or otherwise:  (a) Defendant’s
officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or
participation with Defendant or with anyone described in (a).
II.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant
is 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.

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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 Final Judgment by personal service or o therwise:  (a) Defendant’s
officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or
participation with Defendant or with anyone described in (a).
III.
I
T IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant
shall pay, jointly and severally
with Defendant Wammel Group, LLC, disgorgement in the
amount of $5,989,605.50, plus p
rejudgment interest in the amount of $227,392.17, for a total of
$6,216,997.67.  That disgorgement and prejudgment interest shall be deemed satisfied by the
amount collected by the Receiver and distributions to investors, and by the restitution of
$9,103,088.12 ordered against Defendant,
 jointly and severally with Defendant Thurman P.
Bryant, III, in United States v. Wammel, No. 4:17-cr-00213-ALM-KPJ-2 (E.D. Tex.).
IV.
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 Defendant, and further, any debt for
disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant 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 Defendant of the federal

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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).
V.
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.
VI.
There being 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.
IT IS SO ORDERED.

.
                                                                  ___________________________________
       AMOS L. MAZZANT
                                                                  UNITED STATES DISTRICT JUDGE
 SIGNED this 28th day of January, 2025.

IN THE UNITED STATES DISTRICT COURT 
FOR THE EASTERN DISTRICT OF TEXAS 

SHERMAN DIVISION 
_____________________________________________ 
SECURITIES AND EXCHANGE COMMISSION  : 

      : 
Plaintiff,  : 

      : 
v.      :   Civil Action No.: 4:17-cv-00336-ALM 
      : 

THURMAN P. BRYANT, III,     : 
BRYANT UNITED CAPITAL FUNDING, INC., : 
ARTHUR F. WAMMEL,  : 
WAMMEL GROUP, LLC, and : 

: 
Defendants.  : 

: 

FINAL JUDGMENT AS TO DEFENDANT ARTHUR F. WAMMEL

The Court hereby issues an order GRANTING the Commission’s Motion for Remedies 

and for Entry of Final Judgments (Dkt. #393).  Based on that order, all the files, records, and 

proceedings in this action, the Court is of the opinion that Final Judgment as to Defendant 

Arthur F. Wammel (“Defendant”) should be entered as follows:

I. 

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is 

permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of the 

Securities Exchange Act of 1934 (the “Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 

promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of 

interstate commerce, or of the mails, or of any facility of any national securities exchange, in 

connection with the purchase or sale of any security: 

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

Case 4:17-cv-00336-ALM     Document 396     Filed 01/28/25     Page 1 of 4 PageID #:  6452



2 

(b) to make any untrue statement of a material fact or to omit to state a material fact

necessary in order to make the statements made, in the light of the circumstances

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 Final Judgment by personal service or otherwise:  (a) Defendant’s 

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

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

II. 

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant 

is 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.

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3 

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 Final Judgment by personal service or otherwise:  (a) Defendant’s 

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

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

III. 

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant 

shall pay, jointly and severally with Defendant Wammel Group, LLC, disgorgement in the 

amount of $5,989,605.50, plus prejudgment interest in the amount of $227,392.17, for a total of 

$6,216,997.67.  That disgorgement and prejudgment interest shall be deemed satisfied by the 

amount collected by the Receiver and distributions to investors, and by the restitution of 

$9,103,088.12 ordered against Defendant, jointly and severally with Defendant Thurman P. 

Bryant, III, in United States v. Wammel, No. 4:17-cr-00213-ALM-KPJ-2 (E.D. Tex.).   

IV. 

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 Defendant, and further, any debt for 

disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant 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 Defendant of the federal 

Case 4:17-cv-00336-ALM     Document 396     Filed 01/28/25     Page 3 of 4 PageID #:  6454



4 

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). 

V. 

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. 

VI.  

There being 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.

IT IS SO ORDERED. 

Case 4:17-cv-00336-ALM     Document 396     Filed 01/28/25     Page 4 of 4 PageID #:  6455

.

                                                                  ___________________________________
       AMOS L. MAZZANT

                                                                  UNITED STATES DISTRICT JUDGE

 SIGNED this 28th day of January, 2025.