SEC v. Plutus Lending, LLC d/b/a Abra, No. 1:24-cv-02457, District of Columbia (Jan. 15, 2025) — Judgment

UNITED ST A TES DISTRICT COURT
FOR THE DISTRICT
OF COLUMBIA
SECURITIES AND EXCHANGE
COMMISSION,
CASE No. 24-cv-02457-BAH
Plaintiff.
vs.
PLUTUS LENDING, LLC d/b/a ABRA,
Defendant.
[PROPOSED) FINAL JUDGMENT
The Securities and Exchange Commission (''SEC" or " Commission") has filed a
Complaint, and Defendant Plutus Lending, LLC d/b/a Abra has
(i) entered a general appearance;
(ii) consented
to the Court' s jurisdiction over Defendant and the subject matter of this action;
(iii) consented to entry
of Final Judgment without admitting or denying the allegations of the
Complaint (except as to jurisdiction); and (iv) waived
tindings of fact and conclusions of law.
The Court entered partial Judgment on August 30. 2024. ECF No.
5. The injunctive relief
and other terms of that Judgment remain in effect and are incorporated into this Final Judgment
except as otherwise noted.
In the August 30, 2024 Judgment, the Court '·ORDERED, ADJUDGED, AND
DECREED that Defendant shall pay a civil penalty pursuant to Section 20(d)
of the Securities
Act [15 U.S.C. § 77t(d)l)] and Section 42(e)
of the Investment Company Act [15 U .S.C. § 80a-
41(d)]."
Id. at 4. The Court stated that "it shall determine the amounts of the civil penalty upon
motion
of the Commission." Id. The parties have now reached a settlement on the civil penalty
amount and have asked the Court to enter Final Judgment ordering a civil penalty of$1,650,000.

Upon consideration of all relevant filings, and for good cause shown, the Court hereby
GRANTS the Consent Motion for Entry
of Final Judgment.
It is  ORDERED. ADJUDGED, AND DECREED that Defendant shall pay a civil penalty
in the amount of$1,650,000.00 pursuant Section 20(d) of the Securities Act [15 U.S.C.
§ 77t(d)])] and Section 42(e)
of the Investment Company Act (15 U.S.C. § 80a-41(d)].
Defendant shall pay the total civil penalty
of $1,650,000.00 in two installments to the
Commission according to the following schedule: (1) $100,000.00 within 30 days
of entry of
Final Judgment; and (2) $1,550,000.00 within 365 days of entry of Final Judgment. If Defendant
fails to make any payment by the date agreed and/or in the amount agreed according to the
schedule set forth above, all outstanding payments under this Final Judgment, including post-
judgment interest, minus any payments made, shall become due and payable immediately at the
discretion
of the staff of the Commission without further application to the Court.
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
and shall be accompanied
by a letter identifying the case title, civil action number, and name of
this Court; Plutus Lending LLC d/h/a Abra as a defendant in this action; and specifying that
payment is made pursuant to this Final Judgment.
2

Defendant shall simultaneously transmit photocopies of evidence of payment and case
identi
fying 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 De fondant. The Commission shall send the funds paid pursuant
to this Fi
nal Judgment to the United States Treasury.
The Commission may enforce the Court's judgment for penalties by the use
of all
collection procedures authorized by law, including the Federal Debt Collection Procedures Act,
28 U.S.C. § 3001
et seq .. and moving for civil contempt for the violation of any Court orders
issued in this action. Defe
ndant shall pay post judgment interest on any amounts due after 30
days of the entry of this Final Judgment pursuant to 28 U.S .. §  1961.
DATE:
-----------
Beryl A. Howell
United States District Judge
3
January 13, 2025

UNITED ST A TES DISTRICT COURT 
FOR THE DISTRICT OF COLUMBIA 

SECURITIES AND EXCHANGE 
COMMISSION, 

CASE No. 24-cv-02457-BAH 

Plaintiff. 

vs. 

PLUTUS LENDING, LLC d/b/a ABRA, 

Defendant. 

[PROPOSED) FINAL JUDGMENT 

The Securities and Exchange Commission (''SEC" or "Commission") has filed a 

Complaint, and Defendant Plutus Lending, LLC d/b/a Abra has (i) entered a general appearance; 

(ii) consented to the Court' s jurisdiction over Defendant and the subject matter of this action; 

(iii) consented to entry of Final Judgment without admitting or denying the allegations of the 

Complaint (except as to jurisdiction); and (iv) waived tindings of fact and conclusions of law. 

The Court entered partial Judgment on August 30. 2024. ECF No. 5. The injunctive relief 

and other terms of that Judgment remain in effect and are incorporated into this Final Judgment 

except as otherwise noted. 

In the August 30, 2024 Judgment, the Court '·ORDERED, ADJUDGED, AND 

DECREED that Defendant shall pay a civil penalty pursuant to Section 20(d) of the Securities 

Act [15 U.S.C. § 77t(d)l)] and Section 42(e) of the Investment Company Act [15 U.S.C. § 80a-

41(d)]." Id. at 4. The Court stated that "it shall determine the amounts of the civil penalty upon 

motion of the Commission." Id. The parties have now reached a settlement on the civil penalty 

amount and have asked the Court to enter Final Judgment ordering a civil penalty of$1,650,000. 

Case 1:24-cv-02457-BAH     Document 13     Filed 01/13/25     Page 1 of 3



Upon consideration of all relevant filings, and for good cause shown, the Court hereby 

GRANTS the Consent Motion for Entry of Final Judgment. 

It is ORDERED. ADJUDGED, AND DECREED that Defendant shall pay a civil penalty 

in the amount of$1 ,650,000.00 pursuant Section 20(d) of the Securities Act [15 U.S.C. 

§ 77t(d)])] and Section 42(e) of the Investment Company Act (15 U.S.C. § 80a-41(d)]. 

Defendant shall pay the total civil penalty of $1 ,650,000.00 in two installments to the 

Commission according to the following schedule: (1) $100,000.00 within 30 days of entry of 

Final Judgment; and (2) $1,550,000.00 within 365 days of entry of Final Judgment. If Defendant 

fails to make any payment by the date agreed and/or in the amount agreed according to the 

schedule set forth above, all outstanding payments under this Final Judgment, including post­

judgment interest, minus any payments made, shall become due and payable immediately at the 

discretion of the staff of the Commission without further application to the Court. 

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 

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

this Court; Plutus Lending LLC d/h/a Abra as a defendant in this action; and specifying that 

payment is made pursuant to this Final Judgment. 

2 

Case 1:24-cv-02457-BAH     Document 13     Filed 01/13/25     Page 2 of 3



Defendant shall simultaneously transmit photocopies of evidence of payment and case 

identify ing 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 De fondant. The Commission shall send the funds paid pursuant 

to this Final Judgment to the United States Treasury. 

The Commission may enforce the Court' s judgment for penalties by the use of all 

collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 

28 U.S.C. § 3001 et seq .. and moving for civil contempt for the violation of any Court orders 

issued in this action. Defendant shall pay post judgment interest on any amounts due after 30 

days of the entry of this Final Judgment pursuant to 28 U.S .. § 1961. 

DATE: - --- ----- --
Beryl A. Howell 
United States District Judge 

3 

January 13, 2025

Case 1:24-cv-02457-BAH     Document 13     Filed 01/13/25     Page 3 of 3


		2025-01-13T17:24:47-0500
	Beryl A. Howell