SEC v. John Feloni and Stock Squirrel, Inc. (2024)

Judgment entered

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In February 2024 the SEC announced a judgment against John Feloni and Stock Squirrel, Inc.. On 8 February 2024 final judgments by consent were entered against Feloni and his app company in the $2.5 million offering case, imposing $1,719,871 of joint disgorgement, about $158,840 of interest, a $223,229 civil penalty on Feloni, a penny-stock bar and an officer-and-director bar. Ponzi-like payments appear only as one allegation.

The record

What was ordered

Civil penalty

$223k

Disgorgement

$1.7m

Prejudgment interest

$159k

Total relief

$2.1m

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 February 12, 2024 as release LR-25940. On 8 February 2024 final judgments by consent were entered against Feloni and his app company in the $2.5 million offering case, imposing $1,719,871 of joint disgorgement, about $158,840 of interest, a $223,229 civil penalty on Feloni, a penny-stock bar and an officer-and-director bar. Ponzi-like payments appear only as one allegation.

This library does not tag the matter as a Ponzi scheme: on a source check, the document mentions Ponzi-like payments only in passing, or as part of another party's scheme, and the charges are about something else. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The relief recorded in our data is a civil penalty of $223,229, disgorgement of $1,719,871, prejudgment interest of $158,840, as the release or order states it. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

Non-monetary relief recorded: penny stock bar.

Timeline

1. 2024-02-12 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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.