SEC v. Marco Babini et al. (pump and dump, 2015)

Judgment entered

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The SEC's September 2015 Endeavor Power pump-and-dump case ended with a final judgment against Marco Babini on 27 September 2024 in the District of Massachusetts. It enjoins him and bars him from penny stock offerings; the release states no money. Co-defendants Edward Withrow (2019) and Samuel Brown (2019) had already settled.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 14, 2015 as release LR-23346. The respondents named are Marco Babini et al. (1 individual, 0 entities).

The complaint alleges that the chairman of Endeavor Power and two others used it as a vehicle for a pump and dump of secretly controlled shares, thwarted by a trading suspension. No paid-promotion charge is made, so that tag has been removed.

This library tags the matter as pump and dump and undisclosed control blocks, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities.

Non-monetary relief recorded: officer-and-director bar, penny stock bar.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Nothing in the regulator's filing has been proven, and the respondents are entitled to the presumption that it has not been. This page will be updated if the matter is resolved, dismissed or withdrawn.

The SEC reports that the District of Massachusetts entered a final judgment against Babini, a Canadian resident, on 27 September 2024. It enjoins him from violating antifraud provisions of the Securities Act and Exchange Act, including Section 9(a)(2), and prohibits him from participating in a penny stock offering; the release gives no disgorgement or penalty. After a three-year extradition effort he pleaded guilty on 20 December 2023 in the parallel criminal case, and the release says the court entered a final criminal judgment on 18 March 2024. The SEC's earlier releases record consent judgments against Withrow on 12 March 2019, which also barred him as an officer or director for five years, and Brown on 29 July 2019, so all three defendants have now been resolved. The release says nothing of any sentence length.

For the regulator's own account of the facts, read the primary documents linked above. This page summarises the structured record and does not reproduce them.

What technique is this, and how does it work?

This action is tagged with 2 techniques in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Pump and dump — see how it works, what statute it engages, and every other action tagged the same way.
• Undisclosed control blocks — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2015-09-14 Litigation release published
2. 2024-09-27 Final judgment entered against Babini (D. Mass.)

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
• SEC litigation release 26136 (final judgment against Babini)
• SEC litigation release 24425 (consent judgment against Withrow)
• SEC litigation release 24569 (consent judgment against Brown)

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.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.