SEC v. David P. Godwin and Anthony G. Roth (financial statement fraud, 2015)

Judgment entered

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-david-p-godwin-2015) by email

In September 2015, the SEC charged former ContinuityX Solutions executives David P. Godwin and Anthony G. Roth with fabricating almost all of the company's reported revenue and using the false filings to raise money from investors.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-23373
Date filed	2015-09-30
Date resolved	2015-09-30
Status	judgment
Criminal parallel	No
Bars imposed	officer-and-director bar
Defendants	David P. Godwin (individual) ; Anthony G. Roth (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.13(a) ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on September 30, 2015 as release LR-23373. The respondents named are David P. Godwin and Anthony G. Roth (2 individuals, 0 entities).

The complaint alleges that about 99 percent of the US$27.2 million in revenue ContinuityX reported between April 2011 and September 2012 came from fraudulent and fictitious sales, then used it to raise millions in a private offering. The sales are invented customer revenue, not trades.

This library applies no technique tag to the matter. The conduct is financial statement and offering fraud, not wash trading.

The matter is at the allegation stage. Nothing in the complaint has been proven.

Timeline

2015-09-30 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.