SEC v. Marc Henry Menard and Laesha Jean-Louis (2024)

Judgment entered

✓ Checked against the primary document on October 4, 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 June 2024 the SEC sued Marc Henry Menard in the Eastern District of New York over an alleged scheme that took at least $1.65 million from more than fifty investors. After Menard did not answer, the court entered a default judgment on April 9, 2025 with an injunction, $361,473 in disgorgement, $42,926.09 in interest and a $361,473 penalty.

The record

What was ordered

Civil penalty

$361k

Disgorgement

$361k

Prejudgment interest

$42.9k

Total relief

$766k

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 June 11, 2024 as release LR-26019. The complaint alleges that Menard took at least $1.65 million from over fifty investors, many Haitian-American, lost nearly $700,000 trading and spent on luxury items, with payments to prior investors in a Ponzi-like manner as one use of funds. Jean-Louis is a relief defendant.

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.

Outcome. The default judgment against Menard, signed on April 9, 2025 (Document 33 on the court docket, posted on the SEC's site), grants the SEC's application after the clerk entered a default. It permanently enjoins him from violating the antifraud provisions of the Exchange Act and Securities Act, and orders disgorgement of $361,473 with prejudgment interest of $42,926.09 (total $404,402.96) and a civil penalty of $361,473, for $765,875.96 in all. A default judgment rests on the SEC's application and the complaint's allegations being taken as true because he did not respond, not on a trial. The judgment shown is against Menard alone; the document does not resolve the claims against the relief defendant Laesha Jean-Louis, whose outcome we did not check.

Timeline

1. 2024-06-11 Litigation release published
2. 2025-04-09 Default judgment entered against Marc Henry Menard

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
• Default judgment as to Marc Henry Menard (E.D.N.Y., Doc. 33)

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.