Action against Defendant, the chief compliance officer of a ticket resale company, for alleged misappropriation of investor funds. According to the SEC, Defendant’s company represented to investors that their funds were used to purchase Broadway musical and sporting event tickets and resell them at a profit, when Defendant and his business partners in fact used the funds for their personal benefit. The SEC alleges that Defendant also concealed the involvement of his cousin in the scheme, who was the subject of civil and criminal litigation. Defendant has been charged in a parallel criminal case.

SEC Complaint 

SEC Litigation Release 

SEC Press Release