SEC v. Charlie Jinan Chen; and Shui Foon Mok, No. 1:18-cv-10657, District of Massachusetts (Feb. 13, 2025) — Judgment

UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS

__________________________________________
 )
SECURITIES AND EXCHANGE )
COMMISSION,  )
 )
 Plaintiff, )
 )
v. )
 ) Civil Action No.
CHARLIE JINAN CHEN, ) 18-10657-FDS
 )
Defendant, )
 )
 and )
 )
SHUI FOON MOK, )
 )
 Relief Defendant. )
__________________________________________)

FINAL JUDGMENT

SAYLOR, C.J.
 In accordance with Jury Verdict returned on February 3, 2020 (ECF 67) and the
Memorandum and Order on Defendant’s Motion for Judgment as a Matter of Law or for a New
Trial and Plaintiff’s Motion for Entry of Judgment filed this day (ECF 97), IT IS HEREBY
ORDERED, ADJUDGED, AND DECREED that:
1. Defendant, Charlie Jinan Chen (“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

2

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;
(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.
2. 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).
3. 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

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(c)  to engage in any transaction, practice, or course of business which operates or
would operate as a fraud or deceit upon the purchaser.
4. 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).
5. Defendant shall pay a civil penalty in the amount of $892,827.00 to the Securities and
Exchange Commission pursuant to Section 21A of the Exchange Act, 15 U.S.C. § 78u-1,
and the Insider Trading and Securities Fraud Enforcement Act of 1988.
6. Defendant shall make payment no later than 42 days from the entry of this Final
Judgment, or, in the alternative, according to a reasonable installment schedule based on
his ability to pay.  Defendant and the Commission shall confer and either (a) submit to
the Court a stipulated payment schedule, or (b) move separately for an order providing a
particular payment schedule, no later than 35 days from the entry of this Final Judgment.
7. Defendant may transmit payment electronically to the Commission, which will provide
detailed ACH transfer/Fedwire instructions upon request.  Payment may also be made
directly from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofm.htm.  Defendant may also pay by certified check,
bank cashier’s check, or United States postal money order payable to the Securities and
Exchange Commission, which shall be delivered or mailed to:
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

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and shall be accompanied by a letter identifying the case title, civil action number, and
name of this Court; Charlie Chen as a defendant in this action; and specifying that
payment is made pursuant to this Final Judgment.
8. Defendant shall simultaneously transmit photocopies of evidence of payment and case
identifying information to the Commission’s counsel in this action.  By making this
payment, Defendant relinquishes all legal and equitable right, title, and interest in such
funds and no part of the funds shall be returned to Defendant.  The Commission shall
send the funds paid pursuant to this Final Judgment to the United States Treasury.
9. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28
U.S.C. § 1961.
10. This Court shall retain jurisdiction of this matter for the purposes of enforcing the terms
of this Final Judgment.
       BY THE COURT,
       Barbara I. Beatty
Dated:  January 30, 2025    Deputy Clerk

UNITED STATES DISTRICT COURT 
DISTRICT OF MASSACHUSETTS 

 
__________________________________________ 
 ) 
SECURITIES AND EXCHANGE )  
COMMISSION,  ) 
 ) 
 Plaintiff, )  

 )  
v. )  

 ) Civil Action No. 
CHARLIE JINAN CHEN, ) 18-10657-FDS 
 ) 

Defendant, ) 
 ) 
 and ) 

 ) 
SHUI FOON MOK, ) 
 ) 
 Relief Defendant. ) 
__________________________________________) 
 
 

FINAL JUDGMENT 
 
SAYLOR, C.J. 

 In accordance with Jury Verdict returned on February 3, 2020 (ECF 67) and the 

Memorandum and Order on Defendant’s Motion for Judgment as a Matter of Law or for a New 

Trial and Plaintiff’s Motion for Entry of Judgment filed this day (ECF 97), IT IS HEREBY 

ORDERED, ADJUDGED, AND DECREED that: 

1. Defendant, Charlie Jinan Chen (“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 

Case 1:18-cv-10657-FDS     Document 98     Filed 01/30/25     Page 1 of 4



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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; 

(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. 

2. 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). 

3. 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 

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

would operate as a fraud or deceit upon the purchaser. 

4. 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). 

5. Defendant shall pay a civil penalty in the amount of $892,827.00 to the Securities and 

Exchange Commission pursuant to Section 21A of the Exchange Act, 15 U.S.C. § 78u-1, 

and the Insider Trading and Securities Fraud Enforcement Act of 1988.   

6. Defendant shall make payment no later than 42 days from the entry of this Final 

Judgment, or, in the alternative, according to a reasonable installment schedule based on 

his ability to pay.  Defendant and the Commission shall confer and either (a) submit to 

the Court a stipulated payment schedule, or (b) move separately for an order providing a 

particular payment schedule, no later than 35 days from the entry of this Final Judgment. 

7. Defendant may transmit payment electronically to the Commission, which will provide 

detailed ACH transfer/Fedwire instructions upon request.  Payment may also be made 

directly from a bank account via Pay.gov through the SEC website at 

http://www.sec.gov/about/offices/ofm.htm.  Defendant may also pay by certified check, 

bank cashier’s check, or United States postal money order payable to the Securities and 

Exchange Commission, which shall be delivered or mailed to:   

Enterprise Services Center  
Accounts Receivable Branch  
6500 South MacArthur Boulevard  
Oklahoma City, OK 73169  

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4 
 

and shall be accompanied by a letter identifying the case title, civil action number, and 

name of this Court; Charlie Chen as a defendant in this action; and specifying that 

payment is made pursuant to this Final Judgment. 

8. Defendant shall simultaneously transmit photocopies of evidence of payment and case 

identifying information to the Commission’s counsel in this action.  By making this 

payment, Defendant relinquishes all legal and equitable right, title, and interest in such 

funds and no part of the funds shall be returned to Defendant.  The Commission shall 

send the funds paid pursuant to this Final Judgment to the United States Treasury.   

9. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28 

U.S.C. § 1961. 

10. This Court shall retain jurisdiction of this matter for the purposes of enforcing the terms 

of this Final Judgment. 

       BY THE COURT, 
       Barbara I. Beatty 
Dated:  January 30, 2025    Deputy Clerk 
  

Case 1:18-cv-10657-FDS     Document 98     Filed 01/30/25     Page 4 of 4