Defendant Name:
Longfin Corp.
Defendant Type:
Public Company
Document Reference:
LR-24625
Document Details
Legal Case Name
SEC v. Longfin Corp. and Venkata S. Meenavalli
Document Name
SEC Obtains $6.8 Million Fraud Judgment Against Purported Cyrptocurrency Company Longfin Corp.
Document Date
30-Sep-2019
Document Format
Civil Proceeding
Case Number
19-cv-05296
Federal District Court
New York, Southern District of New York
Federal District Judge
Denise L. Cote
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated: "The Securities and Exchange Commission today announced that a federal court in New York has ordered Longfin Corp. to pay $6,755,848 in penalties and disgorgement for conducting a fraudulent public offering and falsifying revenue from sham commodities transactions."
Disgorgement & Penalty Information
Resolutions
Default Judgment
Monetary Penalties:
Disgorgement
Individual:
$3,532,235.00
Shared:
Civil Penalty
Individual:
$3,243,613.00
Shared:
Total Penalty
Individual:
$6,755,848.00
Shared:
Other Defendants in Action:
