SEC v. Gregory L. Ciccone, et al. (2021)

Alleged — pending

These are allegations. SEC has filed an action; nothing in it has been proven, and the respondents have not been found liable. Everything described on this page is what the regulator alleges, not what a court has found. See our editorial policy.

Checked against the primary document on October 3, 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.

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In September 2021 the SEC charged Gregory Ciccone and his travel concierge firm Platinum Travel and Entertainment with raising over $1.5 million from 22 investors in promissory notes and diverting all of it, spending most on a luxury car and personal costs, and creating false bank documents.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-25236
Date filed	2021-09-29
Court	U.S. District Court, District of New Jersey
Status	filed
Criminal parallel	No
Defendants	Gregory L. Ciccone (individual) ; Platinum Travel and Entertainment, LLC (entity)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) ; Securities Act s.5 (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 SEC announced the complaint on September 29, 2021 (LR-25236) in the District of New Jersey. Ciccone was on supervised release from a prior sentence when he made the offering. Some money went to Ponzi-like payments to earlier investors. No bar or injunction had been ordered.

The Ponzi tag is removed because the release is headed an offering fraud. The record showed the status as unknown and listed an officer-and-director bar and conduct-based injunction that had not been ordered; these are corrected and the defendants named.

Timeline

2021-09-29 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. If this matter has since resolved, been withdrawn or been dismissed, we want to know: submit a correction.