SEC v. William Shupe; and Daniel Cattlin, No. LR-25958, Eastern District of New York (Mar. 27, 2024) — Press Release
raw: William Shupe and Daniel Cattlin
William Shupe and Daniel Cattlin, No. LR-25958 (E.D.N.Y. Mar. 27, 2024)
summary
Daniel Cattlin was ordered to pay over $350,000 to settle SEC charges for facilitating a $5 million microcap stock scheme for the Pages brothers.
paragraph
Daniel Cattlin was ordered to pay $354,821.62 in disgorgement, interest, and civil penalties for his role in a microcap fraud scheme. He served as CEO of two companies to facilitate illegal stock sales that generated over $5 million for Timothy and Trevor Page. The judgment also imposes permanent bars on Cattlin from serving as an officer or director and from participating in penny stock offerings.
narrative
United Kingdom resident Daniel Cattlin was ordered to pay $354,821.62 to settle SEC charges regarding a microcap scheme that generated over $5 million in illegal stock sales. As CEO of two microcap companies, Cattlin facilitated the secret dumping of stock for Timothy and Trevor Page by issuing shares to nominee entities and coordinating promotional press releases. He also participated in providing misleading information to the SEC during investigative subpoenas. The final judgment includes $124,357.62 in disgorgement and interest, a $230,464 civil penalty, and permanent officer, director, and penny stock bars. Co-defendant William R. Shupe had previously settled the matter with a $100,000 penalty. Cattlin's judgment was entered by default to address violations of the Securities Act of 1933 and the Exchange Act of 1934.
Classified pump-and-dump(confidence 98%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Parties
Securities and Exchange CommissionWilliam ShupeDaniel Cattlin
Keywords
cattlinwilliam shupedaniel cattlinstockshupe danielsecurities exchangeshupepageswilliamdanielsecuritiescommissionmicrocapexchange commissionmicrocap companies
Exhibits & Attached Documents (2)
Extracted insights
Dollar amounts 6
- $5.00M $5 million $1M–$10M
- $355K $354,821 $100K–$1M
- $350K $350,000 $100K–$1M
- $230K $230,464 $100K–$1M
- $124K $124,357 $100K–$1M
- $100K $100,000 $100K–$1M
Entities 9
- person Amy Gwiazda
- person daniel cattlin
- person final judgment
- person Kathleen Shields
- person microcap scheme
- person misleading information
- person nita klunder
- agency Securities and Exchange Commission
- person william shupe
Triples 19
- Federal Court entered final judgment against Daniel Cattlin
- Daniel Cattlin facilitated Microcap Scheme
- Daniel Cattlin ordered to pay $354,821.62
- Daniel Cattlin helped Timothy And Trevor Page
- Timothy And Trevor Page dumped Large Quantities Of Microcap Stock
- Daniel Cattlin served as CEO of Two Microcap Companies
- Daniel Cattlin acted at behest of Timothy And Trevor Page
- Daniel Cattlin coordinated with Timothy And Trevor Page
- Daniel Cattlin provided Misleading Information
- Daniel Cattlin received Portion Of Illegal Stock Proceeds
- Final Judgment enjoins Daniel Cattlin
- Final Judgment orders payment of $124,357.62 Disgorgement And Prejudgment Interest
- Final Judgment imposes $230,464 Civil Penalty
- Final Judgment imposes Penny Stock And Officer And Director Bars
- William Shupe settled In April
- William Shupe paid $100,000 Penalty
- Kathleen Shields is staff for Securities And Exchange Commission
- Nita Klunder is staff for Securities And Exchange Commission
- Amy Gwiazda is staff for Securities And Exchange Commission
PDF (from attached: complaint)
Text layers
Extracted body text (2,146c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25958 / March 27, 2024 Court Orders Corporate Officer Who Facilitated Microcap Scheme to Pay over $350,000 Securities and Exchange Commission v. Cattlin et al., No. 21-cv-5294 (E.D.N.Y. filed September 23, 2021) On March 26, 2024, a federal court in New York entered a final judgment against United Kingdom resident Daniel Cattlin for his role in a scheme that generated more than $5 million of illegal sales of stock in two microcap companies. Among other things, the court ordered Cattlin to pay a total of $354,821.62. As alleged in the SEC’s complaint, filed in September 2021, Cattlin and co-defendant William R. Shupe helped Timothy and Trevor Page secretly dump large quantities of microcap stock yielding millions of dollars in illegal stock proceeds. According to the complaint, Cattlin was the CEO of two microcap companies where he acted at the Pages’ behest to cause the companies to take various actions for the Pages’ benefit, including issuing stock to the Pages’ various nominee entities and coordinating press releases used during promotional campaigns designed to increase the price of and demand for the stock. Cattlin allegedly also coordinated with the Pages to provide misleading information in response to Commission investigative subpoenas and during an interview with Commission staff. The complaint alleges that for his assistance, Cattlin received a portion of the Pages’ illegal stock proceeds. The final judgment, entered by default against Cattlin, enjoins him from future violations, or aiding and abetting violations, of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment orders Cattlin to pay disgorgement and prejudgment interest of $124,357.62, a civil penalty of $230,464, and imposes penny stock and officer and director bars. Shupe settled in April, paying a $100,000 penalty. The SEC staff responsible for this matter include Kathleen Shields, Nita Klunder, and Amy Gwiazda in the SEC’s Boston Regional Office. Judgment - William Shupe and Daniel Cattlin
OCR text (2,146c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 25958 / March 27, 2024 Court Orders Corporate Officer Who Facilitated Microcap Scheme to Pay over $350,000 Securities and Exchange Commission v. Cattlin et al., No. 21-cv-5294 (E.D.N.Y. filed September 23, 2021) On March 26, 2024, a federal court in New York entered a final judgment against United Kingdom resident Daniel Cattlin for his role in a scheme that generated more than $5 million of illegal sales of stock in two microcap companies. Among other things, the court ordered Cattlin to pay a total of $354,821.62. As alleged in the SEC’s complaint, filed in September 2021, Cattlin and co-defendant William R. Shupe helped Timothy and Trevor Page secretly dump large quantities of microcap stock yielding millions of dollars in illegal stock proceeds. According to the complaint, Cattlin was the CEO of two microcap companies where he acted at the Pages’ behest to cause the companies to take various actions for the Pages’ benefit, including issuing stock to the Pages’ various nominee entities and coordinating press releases used during promotional campaigns designed to increase the price of and demand for the stock. Cattlin allegedly also coordinated with the Pages to provide misleading information in response to Commission investigative subpoenas and during an interview with Commission staff. The complaint alleges that for his assistance, Cattlin received a portion of the Pages’ illegal stock proceeds. The final judgment, entered by default against Cattlin, enjoins him from future violations, or aiding and abetting violations, of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment orders Cattlin to pay disgorgement and prejudgment interest of $124,357.62, a civil penalty of $230,464, and imposes penny stock and officer and director bars. Shupe settled in April, paying a $100,000 penalty. The SEC staff responsible for this matter include Kathleen Shields, Nita Klunder, and Amy Gwiazda in the SEC’s Boston Regional Office. Judgment - William Shupe and Daniel Cattlin