https://marketmanipulation.org/cases/technique/undisclosed-control-blocks/ The 30 most recent enforcement records tagged undisclosed control blocks in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Fri, 07 Feb 2025 00:00:00 GMT https://marketmanipulation.org/cases/sec-airborne-wireless-network-pump-and-dump-2025/ https://marketmanipulation.org/cases/sec-airborne-wireless-network-pump-and-dump-2025/ In 2025 the Securities and Exchange Commission announced final judgment in the Southern District of New York against Airborne Wireless Network, its undisclosed controller Kalistratos Kabilafkas, his father Timoleon Kabilafkas and two relief-defendant trusts, after a 2023 summary-judgment finding of an undisclosed-control scheme and pump and dump. The release records over $44 million in disgorgement and $12 million in prejudgment interest against Kalistratos Kabilafkas, with civil penalties of $21 million for him, $460,928 for his father and $1,152,314 for Airborne. A parallel criminal matter is referenced. Fri, 07 Feb 2025 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-lr-26174-boiler-rooms-2024/ https://marketmanipulation.org/cases/sec-lr-26174-boiler-rooms-2024/ In 2024, the SEC announced a default judgment in the Eastern District of New York against Timothy Page and three entities in a case alleging they hid their control of microcap companies through nominees, manipulated trading and hired boiler rooms to create demand. Mr Page was ordered to pay $7,652,228 in disgorgement, $983,819 in interest and a $7,652,228 penalty. Wed, 20 Nov 2024 00:00:00 GMT SEC boiler-rooms undisclosed-control-blocks https://marketmanipulation.org/cases/sec-morrie-tobin-et-al-reverse-merger-schemes-2024/ https://marketmanipulation.org/cases/sec-morrie-tobin-et-al-reverse-merger-schemes-2024/ In October 2024 a Massachusetts federal court entered final judgments against Brian Quinn and David Skriloff in the Environmental Packaging Technologies case, ordering each to pay $230,464 in penalties. The SEC alleged Quinn arranged a reverse merger of a shell secretly controlled by Morrie Tobin and a promotional campaign, and Skriloff misstated it in filings. Fri, 18 Oct 2024 00:00:00 GMT SEC reverse-merger-schemes undisclosed-control-blocks https://marketmanipulation.org/cases/sec-kevan-casey-et-al-pump-and-dump-2024/ https://marketmanipulation.org/cases/sec-kevan-casey-et-al-pump-and-dump-2024/ In August 2024 the Securities and Exchange Commission charged Kevan Casey, Adrian James, Jonathan Friedlander and Robert Wheat in the Southern District of Texas over an alleged scheme to secretly accumulate microcap shares through nominee entities, publicise the stocks and sell, generating about $56 million in unlawful sales, with ten entities named as relief defendants. The charges are allegations. Fri, 09 Aug 2024 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-giguiere-et-al-undisclosed-control-blocks-2024/ https://marketmanipulation.org/cases/sec-giguiere-et-al-undisclosed-control-blocks-2024/ In 2024, the Securities and Exchange Commission published a release announcing it had obtained a monetary judgment against Gannon Giguiere for undisclosed control, selling while promoting and matched trading. This library classifies the conduct as undisclosed control blocks, matched orders and pump and dump. The release records a civil penalty of $875,000, disgorgement of $7,760,416. Thu, 13 Jun 2024 00:00:00 GMT SEC undisclosed-control-blocks matched-orders pump-and-dump https://marketmanipulation.org/cases/sec-george-stubos-et-al-undisclosed-control-blocks-2024/ https://marketmanipulation.org/cases/sec-george-stubos-et-al-undisclosed-control-blocks-2024/ In 2024, the Securities and Exchange Commission published a release reporting the entry of judgment against relief defendant Dori-Ann Stubos in the George Stubos microcap case. This library classifies the conduct as undisclosed control blocks and pump and dump. The release records disgorgement of $1,775,000. Mon, 15 Apr 2024 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-jonathan-farber-aarif-jamani-brian-keasberry-pump-and-dump-2024/ https://marketmanipulation.org/cases/sec-jonathan-farber-aarif-jamani-brian-keasberry-pump-and-dump-2024/ In 2024, the Securities and Exchange Commission published a release alleging a County Line Energy accumulation, manipulation and sale scheme. This library classifies the conduct as pump and dump and undisclosed control blocks. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. Tue, 16 Jan 2024 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2024/ https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2024/ In 2024, the Securities and Exchange Commission obtained a judgment against Carnovale, et al., alleging conduct this library classifies as undisclosed control blocks and unregistered distributions. Wed, 03 Jan 2024 00:00:00 GMT SEC undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-george-stubos-undisclosed-control-blocks-2023/ https://marketmanipulation.org/cases/sec-george-stubos-undisclosed-control-blocks-2023/ In 2023, the Securities and Exchange Commission published a release announcing it had obtained a final judgment against George Stubos for a concealed-control microcap scheme. This library classifies the conduct as undisclosed control blocks and pump and dump. The release records disgorgement of $5,367,926. Tue, 12 Sep 2023 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-discala-et-al-reverse-merger-schemes-2023/ https://marketmanipulation.org/cases/sec-discala-et-al-reverse-merger-schemes-2023/ In April 2023 the SEC announced final consent judgments against attorney Darren Ofsink and Michael Morris in the CodeSmart Holdings case, who the SEC said helped run its reverse merger into a shell, obscured key holders' stakes and, for Morris, matched trades to inflate the price. They accepted injunctions and penny-stock bars and disgorgement of $319,935.11 deemed satisfied by criminal restitution. Mon, 03 Apr 2023 00:00:00 GMT SEC reverse-merger-schemes undisclosed-control-blocks matched-orders https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2023/ https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2023/ In 2023, the Securities and Exchange Commission obtained a judgment against Carnovale, et al., alleging conduct this library classifies as undisclosed control blocks and unregistered distributions. Fri, 31 Mar 2023 00:00:00 GMT SEC undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-william-andrew-stack-esq-undisclosed-control-blocks-2023/ https://marketmanipulation.org/cases/sec-william-andrew-stack-esq-undisclosed-control-blocks-2023/ In 2023, the Securities and Exchange Commission obtained a judgment against William Andrew Stack, Esq., alleging conduct this library classifies as undisclosed control blocks and unregistered distributions. The release records a civil penalty of $333,110. Fri, 31 Mar 2023 00:00:00 GMT SEC undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-moynes-et-al-undisclosed-control-blocks-2023/ https://marketmanipulation.org/cases/sec-moynes-et-al-undisclosed-control-blocks-2023/ In 2023, the Securities and Exchange Commission published a release announcing it had obtained final judgments against Bradley Moynes and Digatrade for concealed ownership and sales into paid promotion. This library classifies the conduct as undisclosed control blocks and pump and dump. The release records a civil penalty of $307,183, disgorgement of $1,490,400. Thu, 09 Mar 2023 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-moynes-et-al-undisclosed-control-blocks-2022/ https://marketmanipulation.org/cases/sec-moynes-et-al-undisclosed-control-blocks-2022/ In June 2022 the SEC sued Canadian executive Bradley Moynes and Digatrade Financial over alleged concealed sales of Formcap and Digatrade stock into paid promotion. On March 8, 2023 the court entered consent judgments with injunctions, penny stock bars, an officer-and-director bar for Moynes, and money orders totalling over $3.4 million with relief defendant Vancap. Mon, 27 Jun 2022 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-stubos-et-al-undisclosed-control-blocks-2022/ https://marketmanipulation.org/cases/sec-stubos-et-al-undisclosed-control-blocks-2022/ In June 2022 the SEC sued Canadian resident George Stubos over an alleged concealed-control microcap scheme, and froze assets. On September 8, 2023 he consented to a judgment with $5,367,926 in disgorgement, $806,108 in interest, a penny stock bar and a conduct-based injunction; his wife, a relief defendant, consented to a judgment on April 15, 2024. Wed, 08 Jun 2022 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-jillian-sidoti-undisclosed-control-blocks-2022/ https://marketmanipulation.org/cases/sec-jillian-sidoti-undisclosed-control-blocks-2022/ In May 2022 a federal court entered a consent judgment against California attorney Jillian Sidoti, whom the SEC said hid that Blake Insomnia Therapeutics' shares were going to a single control group through nominee shareholders. She pays a $22,000 penalty, $14,169 disgorgement and $4,665 interest and accepted a five-year penny-stock bar. Tue, 17 May 2022 00:00:00 GMT SEC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-tko-farms-inc-et-al-undisclosed-control-blocks-2022/ https://marketmanipulation.org/cases/sec-tko-farms-inc-et-al-undisclosed-control-blocks-2022/ In May 2022 the SEC sued TKO Farms, Agravitae, Kenneth Owen and four others over offerings raising nearly $20 million through unregistered telephone solicitors, alleging Owen, with a record of convictions and a bankruptcy, held undisclosed de facto control of both companies and misrepresented his history and the use of funds. These are allegations. Mon, 09 May 2022 00:00:00 GMT SEC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-domenic-calabrigo-et-al-pump-and-dump-2022/ https://marketmanipulation.org/cases/sec-domenic-calabrigo-et-al-pump-and-dump-2022/ In April 2022 the Securities and Exchange Commission charged Domenic Calabrigo, Curtis Lehner, Courtney Vasseur and Hasan Sario in the Southern District of New York over alleged pump-and-dump schemes in thinly traded microcap stocks between 2016 and 2018, with net proceeds of over $39 million, and obtained an asset freeze. The U.S. Attorney announced parallel criminal charges. The charges are allegations. Tue, 19 Apr 2022 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-dean-shah-et-al-undisclosed-control-blocks-2022/ https://marketmanipulation.org/cases/sec-dean-shah-et-al-undisclosed-control-blocks-2022/ In 2022, the Securities and Exchange Commission published a release alleging concealed control of Zenosense, hired promotion and sales into the resulting demand. This library classifies the conduct as undisclosed control blocks and pump and dump. No monetary relief has been recorded at this stage; the matter is an allegation and remains unproven. A parallel criminal matter is referenced in the release. Fri, 15 Apr 2022 00:00:00 GMT SEC undisclosed-control-blocks pump-and-dump https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2021/ https://marketmanipulation.org/cases/sec-carnovale-et-al-undisclosed-control-blocks-2021/ In December 2021 the SEC sued Vincenzo Carnovale and Amar Bahadoorsingh over alleged secret control of microcap companies. A default judgment against Bahadoorsingh (March 31, 2023) and a consent judgment against Carnovale (January 2, 2024) were entered, together ordering $595,703 disgorgement, $108,157 interest and $430,412 in penalties. Thu, 02 Dec 2021 00:00:00 GMT SEC undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-lfs-funding-limited-partnership-et-al-undisclosed-control-blocks-2021/ https://marketmanipulation.org/cases/sec-lfs-funding-limited-partnership-et-al-undisclosed-control-blocks-2021/ In May 2021 the SEC sued LFS Funding Limited Partnership and four individuals over an unregistered offering. Final consent judgments followed against Thompson (May 2021), Comisar (November 2021) and Engelhardt (October 2023), and partial summary judgment against Erskine in August 2023; no final outcome for the partnership itself or for Erskine's remedies was found. Thu, 20 May 2021 00:00:00 GMT SEC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-william-andrew-stack-esq-undisclosed-control-blocks-2021/ https://marketmanipulation.org/cases/sec-william-andrew-stack-esq-undisclosed-control-blocks-2021/ In January 2021 the SEC charged attorney William Andrew Stack, nominal CEO of Preston Corp., with misleading press releases and an unregistered stock distribution. On 10 March 2023 the Western District of Texas entered a final judgment with injunctions, three five-year bars, US$333,110 in disgorgement, US$104,993.21 in interest and a US$333,110 penalty. Thu, 21 Jan 2021 00:00:00 GMT SEC undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-jillian-sidoti-undisclosed-control-blocks-2020/ https://marketmanipulation.org/cases/sec-jillian-sidoti-undisclosed-control-blocks-2020/ In October 2020 the SEC charged California attorney Jillian Sidoti with helping a control group evade stock-resale limits by drafting false opinion letters for Blake Insomnia Therapeutics. On 13 May 2022 the Central District of California entered a consent judgment with a US$22,000 penalty, disgorgement of just under US$14,169, US$4,665 in interest and a five-year penny stock bar. Mon, 19 Oct 2020 00:00:00 GMT SEC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-henry-sargent-et-al-undisclosed-control-blocks-2020/ https://marketmanipulation.org/cases/sec-henry-sargent-et-al-undisclosed-control-blocks-2020/ In September 2020 a Boston federal court entered a consent judgment against attorneys Frederick Mintz and Alan Fraade in the BMP Holdings case, who the SEC said wrote false opinion letters to help merge the nominee-held shell into PixarBio. They pay $28,785.96 jointly, including interest, with no penalty, and were suspended from practising before the SEC. Wed, 16 Sep 2020 00:00:00 GMT SEC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-peter-dichiara-reverse-merger-schemes-2020/ https://marketmanipulation.org/cases/sec-peter-dichiara-reverse-merger-schemes-2020/ In September 2020 the SEC settled with attorney Peter DiChiara, charged with helping Morrie Tobin secretly control a public shell that was reverse-merged into a packaging company and transfer his shares through nominee entities, using false opinion letters. DiChiara agreed to $15,000 disgorgement, $2,167 interest, a $40,000 penalty and a five-year penny-stock bar. Thu, 03 Sep 2020 00:00:00 GMT SEC reverse-merger-schemes undisclosed-control-blocks https://marketmanipulation.org/cases/osc-matthew-john-hamilton-undisclosed-control-blocks-2020/ https://marketmanipulation.org/cases/osc-matthew-john-hamilton-undisclosed-control-blocks-2020/ In March 2020 the Ontario Capital Markets Tribunal reciprocated a British Columbia order against Matthew Hamilton, who created shell Guru Health Inc. while hiding his involvement and giving a false impression of its ownership. It barred him from acting as a director, officer, registrant or promoter and from trading until April 3, 2026. Fri, 31 Jan 2020 00:00:00 GMT OSC undisclosed-control-blocks https://marketmanipulation.org/cases/sec-david-aubel-pump-and-dump-2020/ https://marketmanipulation.org/cases/sec-david-aubel-pump-and-dump-2020/ In 2020, the Securities and Exchange Commission published a release announcing it had obtained final judgments against David Aubel and Robert Raffa for concealing ownership of Green Energy stock, paying promoters and manipulating its price. This library classifies the conduct as pump and dump and undisclosed control blocks. The release records a civil penalty of $150,000, disgorgement of $242,553. Mon, 27 Jan 2020 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-benjamin-l-bunker-esq-pump-and-dump-2020/ https://marketmanipulation.org/cases/sec-benjamin-l-bunker-esq-pump-and-dump-2020/ In January 2020 the Securities and Exchange Commission settled an administrative proceeding with attorney Benjamin L. Bunker, finding that between 2014 and 2016 he wrote false opinion letters letting two Greenway Design Group insiders obtain unlegended shares and sell them into a promotional campaign without registration. He was denied the privilege of appearing before the Commission and ordered to pay $1,800 in disgorgement and $249 in interest. Thu, 23 Jan 2020 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks unregistered-distributions https://marketmanipulation.org/cases/sec-ulrik-debo-pump-and-dump-2020/ https://marketmanipulation.org/cases/sec-ulrik-debo-pump-and-dump-2020/ In January 2020 the Securities and Exchange Commission charged Ulrik Debo in the Southern District of New York with secretly controlling shell company Herbatech Life, Inc. through nominees in order to pump and dump its shares, and the U.S. Attorney announced parallel criminal charges. The SEC says it filed before any promotion began. The charges are allegations. Fri, 03 Jan 2020 00:00:00 GMT SEC pump-and-dump undisclosed-control-blocks https://marketmanipulation.org/cases/sec-chip-hackley-matched-orders-2019/ https://marketmanipulation.org/cases/sec-chip-hackley-matched-orders-2019/ In September 2019, the SEC settled administrative proceedings against Chip Hackley, an undisclosed control person of Holy Grail Company, over a scheme to sell shares through prearranged matched trades with an undercover FBI informant's purported network of brokers in return for a 40 percent kickback. Wed, 25 Sep 2019 00:00:00 GMT SEC matched-orders undisclosed-control-blocks