SEC v. Mina Tadrus; and Tadrus Capital LLC, No. LR-26447, Eastern District of New York (Dec. 17, 2025) — Press Release

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26447 / December 17, 2025Securities and Exchange Commission v. Mina Tadrus et al., No. 1:23-cv-05708 (E.D.N.Y. filed July 28, 2023)SEC Obtains Final Consent Judgment Against Florida Resident Charged with Fraudulent Scheme Targeting Religious CommunityOn December 12, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment in the SEC’s civil enforcement action against Mina Tadrus.The SEC’s complaint, filed on July 28, 2023, alleged that, since at least September 2020, Tadrus and an entity he controlled, Tadrus Capital LLC, solicited and sold investments in Tadrus Capital Fund LP, a purported pooled investment vehicle, targeting members of the Egyptian Coptic Christian community. The complaint alleged that the defendants raised more than $5 million from at least 31 investors and falsely told investors that their funds would be pooled and invested using algorithmic trading that would guarantee a steady monthly return on investment. According to the complaint, however, the defendants did not actually invest the vast majority of investors' funds, used approximately $1.4 million of investors’ money to make Ponzi-like payments of the “guaranteed” monthly returns, and further misappropriated over $380,000 of investors’ money for Tadrus’s own benefit.On August 22, 2023, the Court issued a consent order imposing a preliminary injunction and granting other relief, including freezing certain assets pending a final resolution of the matter. On August 12, 2025, the Court entered a bifurcated consent judgment in which Tadrus agreed to be permanently enjoined from violating Section 17(a) of the Securities Act of 1933; Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder, and agreed to a conduct-based injunction enjoining him from the issuance, purchase, offer, or sale of securities outside of trading through his personal account as well as an officer-and-director bar. In addition to the relief previously obtained, the final consent judgment orders Tadrus to pay disgorgement in the amount of $4,070,350, plus prejudgment interest thereon of $72,100, payment of which shall be deemed satisfied by the restitution order entered against him in the criminal case United States v. Tadrus, 23 Cr. 393 (E.D.N.Y.) and orders assets frozen pursuant to the preliminary injunction turned over to the criminal court in satisfaction of the restitution order.The SEC's investigation was conducted by John C. Lehmann, Doreen M. Rodriguez, Abigail E. Rosen, and Lindsay S. Moilanen, and supervised by Mark R. Sylvester of the SEC’s New York Regional Office. The litigation was led by Ms. Rosen and Ms. Moilanen and supervised by Jack Kaufman. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of New York and the FBI.

U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26447 / December 17, 2025Securities and Exchange Commission v. Mina Tadrus et al., No. 1:23-cv-05708 (E.D.N.Y. filed July 28, 2023)SEC Obtains Final Consent Judgment Against Florida Resident Charged with Fraudulent Scheme Targeting Religious CommunityOn December 12, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment in the SEC’s civil enforcement action against Mina Tadrus.The SEC’s complaint, filed on July 28, 2023, alleged that, since at least September 2020, Tadrus and an entity he controlled, Tadrus Capital LLC, solicited and sold investments in Tadrus Capital Fund LP, a purported pooled investment vehicle, targeting members of the Egyptian Coptic Christian community. The complaint alleged that the defendants raised more than $5 million from at least 31 investors and falsely told investors that their funds would be pooled and invested using algorithmic trading that would guarantee a steady monthly return on investment. According to the complaint, however, the defendants did not actually invest the vast majority of investors' funds, used approximately $1.4 million of investors’ money to make Ponzi-like payments of the “guaranteed” monthly returns, and further misappropriated over $380,000 of investors’ money for Tadrus’s own benefit.On August 22, 2023, the Court issued a consent order imposing a preliminary injunction and granting other relief, including freezing certain assets pending a final resolution of the matter. On August 12, 2025, the Court entered a bifurcated consent judgment in which Tadrus agreed to be permanently enjoined from violating Section 17(a) of the Securities Act of 1933; Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder, and agreed to a conduct-based injunction enjoining him from the issuance, purchase, offer, or sale of securities outside of trading through his personal account as well as an officer-and-director bar. In addition to the relief previously obtained, the final consent judgment orders Tadrus to pay disgorgement in the amount of $4,070,350, plus prejudgment interest thereon of $72,100, payment of which shall be deemed satisfied by the restitution order entered against him in the criminal case United States v. Tadrus, 23 Cr. 393 (E.D.N.Y.) and orders assets frozen pursuant to the preliminary injunction turned over to the criminal court in satisfaction of the restitution order.The SEC's investigation was conducted by John C. Lehmann, Doreen M. Rodriguez, Abigail E. Rosen, and Lindsay S. Moilanen, and supervised by Mark R. Sylvester of the SEC’s New York Regional Office. The litigation was led by Ms. Rosen and Ms. Moilanen and supervised by Jack Kaufman. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of New York and the FBI.