SEC v. BREHNEN KNIGHT, No. 3:20-cv-01864, Southern District of California (June 20, 2025) — Judgment
raw: SEC v. ONGKARUCK SRIPETCH; AMANDA
SEC v. ONGKARUCK SRIPETCH; AMANDA, No. 3:20-cv-01864 (June 20, 2025)
Brehnen Knight entered a final consent judgment with the SEC to resolve charges of securities fraud and market manipulation, resulting in permanent injunctions and a significant financial penalty.
The SEC obtained a final consent judgment against Brehnen Knight for violations of the Securities Exchange Act and the Securities Act. Knight is permanently enjoined from engaging in fraudulent schemes and is barred from participating in penny stock offerings or serving as an officer of a reporting issuer. The judgment requires a total payment of $374,399.39, which accounts for disgorgement and interest less a $71,184.18 credit for prior criminal restitution.
The Securities and Exchange Commission successfully obtained a final consent judgment against defendant Brehnen Knight in the Southern District of California. The action addresses allegations of securities fraud, market manipulation, and violations of registration requirements under the Securities Act and Exchange Act. Under the terms of the judgment, Knight is permanently enjoined from employing any device or scheme to defraud and is prohibited from participating in penny stock offerings. Additionally, the court imposed restrictions on Knight serving as an officer or director of a reporting issuer. The financial component of the settlement requires Knight to pay $374,399.39 to the SEC. This amount is derived from disgorgement and prejudgment interest, adjusted by a $71,184.18 credit for restitution previously ordered in a separate criminal case. The court retains jurisdiction to enforce the terms of this final agreement.
Extracted insights
- $446K $445,583 $100K–$1M
- $386K $385,890 $100K–$1M
- $374K $374,399 $100K–$1M
- $71K $71,184 $10K–$100K
- $60K $59,693 $10K–$100K
- person Brehnen Knight
- person final consent agreement
- person general appearance
- agency Securities and Exchange Commission
- Securities And Exchange Commission filed complaint and amended complaint
- Brehnen Knight entered general appearance
- Securities And Exchange Commission filed final consent agreement
- Brehnen Knight filed final consent agreement
- Brehnen Knight consented Court’s jurisdiction over Defendant Knight
- Brehnen Knight consented entry of this Final Judgment
- Brehnen Knight waived findings of fact and conclusions of law
- Brehnen Knight waived any right to appeal from this Final Consent Judgment
- Brehnen Knight is restrained Section 10(b) of the Securities Exchange Act of 1934
- Brehnen Knight is restrained Sections 17(a)(1) and (3) of the Securities Act of 1933
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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
ONGKARUCK SRIPETCH; AMANDA
FLORES; BREHNEN KNIGHT;
ANDREW MCALPINE, ASHMIT
PATEL; MICHAEL WEXLER;
DOMINIC WILLIAMS; ADTRON INC.
a/k/a STOCKPALOOZA.COM; ATG
INC.; DOIT, LTD.; DOJI CAPITAL,
INC.; KING MUTUAL SOLUTIONS
INC.; OPTIMUS PRIME FINANCIAL
INC.; ORCA BRIDGE; REDLINE
INTERNATIONAL; and UAIM
CORPORATION,
Defendants.
Case No.: 20-cv-01864-H-DTF
FINAL CONSENT JUDGMENT AS
TO DEFENDANT BREHNEN
KNIGHT
On May 5, 2025, Plaintiff Securities and Exchange Commission (“SEC”) and
Defendant Brehnen Knight filed a final consent agreement as to Defendant Brehnen
Knight. (Doc. No. 364.) Accordingly, the Court enters the following final consent
judgment against Defendant Knight:
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The Securities and Exchange Commission having filed a Complaint and an
Amended Complaint and Defendant Brehnen Knight having entered a general appearance;
consented to the Court’s jurisdiction over Defendant Knight and the subject matter of this
action; consented to entry of this Final Judgment; waived findings of fact and conclusions
of law; and waived any right to appeal from this Final Consent Judgment:
I.
It is hereby ordered, adjudged, and decreed that Defendant Knight is permanently
restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities
Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. § 78j(b) and Rules 10b-5(a) & (c)
promulgated thereunder, 17 C.F.R. §§ 240.10b-5(a) & (c), by using any means or
instrumentality of interstate commerce, or of the mails, or of any facility of any national
securities exchange, in connection with the purchase or sale of any security:
(a) to employ any device, scheme, or artifice to defraud; or
(b) to engage in any act, practice, or course of business which operates or would
operate as a fraud or deceit upon any person.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
II.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Sections 17(a)(1) and (3) of the
Securities Act of 1933 (the “Securities Act”), 15 U.S.C. §§ 77q(a)(1) & (3), in the offer or
sale of any security by the use of any means or instruments of transportation or
communication in interstate commerce or by use of the mails, directly or indirectly:
(a) to employ any device, scheme, or artifice to defraud; or
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(b) to engage in any transaction, practice, or course of business which operates or
would operate as a fraud or deceit upon the purchaser.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
III.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Sections 5(a) & (c) of the Securities
Act, 15 U.S.C. §§ 77e(a) and (c), by, directly or indirectly, in the absence of any applicable
exemption:
(a) Unless a registration statement is in effect as to a security, making use of any
means or instruments of transportation or communication in interstate
commerce or of the mails to sell such security through the use or medium of
any prospectus or otherwise; or
(b) Unless a registration statement is in effect as to a security, carrying or causing
to be carried through the mails or in interstate commerce, by any means or
instruments of transportation, any such security for the purpose of sale or for
delivery after sale; or
(c) Making use of any means or instruments of transportation or communication
in interstate commerce or of the mails to offer to sell or offer to buy through
the use or medium of any prospectus or otherwise any security, unless a
registration statement has been filed with the Commission as to such security,
or while the registration statement is the subject of a refusal order or stop order
or (prior to the effective date of the registration statement) any public
proceeding or examination under Section 8 of the Securities Act, 15 U.S.C. §
77h.
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It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Judgment by personal service or otherwise: (a) Defendant Knight’s
officers, agents, servants, employees, and attorneys; and (b) other persons in active concert
or participation with Defendant Knight or with anyone described in (a).
IV.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Section 9(a)(1) of the Exchange Act,
15 U.S.C. § 78i(a)(1), by, directly or indirectly, by the use of the mails or any means or
instrumentality of interstate commerce, or of any facility of any national securities
exchange, for the purpose of creating a false or misleading appearance of active trading in
any security other than a government security, or a false or misleading appearance with
respect to the market for any such security, (A) to effect any transaction in such security
which involves no change in the beneficial ownership thereof, or (B) to enter an order or
orders for the purchase of such security with the knowledge that an order or orders of
substantially the same size, at substantially the same time, and at substantially the same
price, for the sale of any such security, has been or will be entered by or for the same or
different parties, or (C) to enter any order or orders for the sale of any such security with
the knowledge that an order or orders of substantially the same size, at substantially the
same time, and at substantially the same price, for the purchase of such security, has been
or will be entered by or for the same or different parties.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
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V.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently barred from participating in an offering of penny stock, including engaging in
activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or
attempting to induce the purchase or sale of any penny stock. A penny stock is any equity
security that has a price of less than five dollars, except as provided in Rule 3a51-1 under
the Exchange Act,17 C.F.R. § 240.3a51-1.
VI.
It is hereby further ordered, adjudged, and decreed that, pursuant to Section 21(d)(2)
of the Exchange Act, 15 U.S.C. § 78u(d)(2), and Section 20(e) of the Securities Act, 15
U.S.C. § 77t(e), Defendant Knight is prohibited from acting as an officer or director of any
issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act,
15 U.S.C. § 78l, or that is required to file reports pursuant to Section 15(d) of the Exchange
Act, 15 U.S.C. § 78o(d).
VII.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is liable
for disgorgement of $385,890.02, representing net profits gained as a result of the conduct
alleged in the Complaint, together with prejudgment interest thereon in the amount of
$59,693.55, for a total of $445,583.57. Defendant Knight’s $445,583.57 payment
obligation will be offset by $71,184.18, the amount of restitution ordered against defendant
in United States v. Knight, 21-cr-3465-H (S.D. Cal.) Defendant Knight must satisfy this
obligation by paying $374,399.39 to the Securities and Exchange Commission within 30
days after entry of this Final Consent Judgment.
Defendant Knight may transmit payment electronically to the Commission, which
will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also
be made directly from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofm.htm. Defendant Knight may also pay by certified
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check, bank cashier’s check, or United States postal money order payable to the Securities
and Exchange Commission, which must be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and must be accompanied by a letter identifying the case title, civil action number, and
name of this Court; Brehnen Knight as a defendant in this action; and specifying that
payment is made pursuant to this Final Judgment.
Defendant Knight must simultaneously transmit photocopies of evidence of payment
and case identifying information to the Commission’s counsel in this action. By making
this payment, Defendant Knight relinquishes all legal and equitable right, title, and interest
in such funds and no part of the funds will be returned to Defendant Knight.
The Commission must hold the funds (collectively, the “Fund”) until further order
of this Court. The SEC may propose a plan to distribute the Fund subject to the Court’s
approval, and the Court will retain jurisdiction over the administration of any distribution
of the Fund.
The Commission may enforce the Court’s judgment for disgorgement and
prejudgment interest by using all collection procedures authorized by law, including, but
not limited to, moving for civil contempt at any time after 30 days following entry of this
Final Judgment. Defendant Knight must pay post judgment interest on any amounts due
after 30 days of entry of this Final Consent Judgment pursuant to 28 U.S.C. § 1961.
VIII.
It is further ordered, adjudged, and decreed that the Final Consent, (Doc. No. 264),
is incorporated herein with the same force and effect as if fully set forth herein, and that
Defendant Knight must comply with all of the undertakings and agreements set forth
therein.
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IX.
It is further ordered, adjudged, and decreed that, for purposes of exceptions to
discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the allegations
in the complaint are true and admitted by Defendant Knight, and further, any debt for
disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant
Knight under this Final Consent Judgment or any other judgment, order, consent order,
decree or settlement agreement entered in connection with this proceeding, is a debt for the
violation by Defendant Knight of the federal securities laws or any regulation or order
issued under such laws, as set forth in Section 523(a)(19) of the Bankruptcy Code, 11
U.S.C. §523(a)(19).
X.
It is further ordered, adjudged, and decreed that this Court will retain jurisdiction of
this matter for the purposes of enforcing the terms of this Final Judgment.
XI.
There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of
Civil Procedure, the Clerk is ordered to enter this Final Consent Judgment forthwith and
without further notice. In addition, because this is a final judgment against the sole
remaining defendant in this action, the Clerk is directed to close the case.
IT IS SO ORDERED.
DATED: May 27, 2025
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURT
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UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
ONGKARUCK SRIPETCH; AMANDA
FLORES; BREHNEN KNIGHT;
ANDREW MCALPINE, ASHMIT
PATEL; MICHAEL WEXLER;
DOMINIC WILLIAMS; ADTRON INC.
a/k/a STOCKPALOOZA.COM; ATG
INC.; DOIT, LTD.; DOJI CAPITAL,
INC.; KING MUTUAL SOLUTIONS
INC.; OPTIMUS PRIME FINANCIAL
INC.; ORCA BRIDGE; REDLINE
INTERNATIONAL; and UAIM
CORPORATION,
Defendants.
Case No.: 20-cv-01864-H-DTF
FINAL CONSENT JUDGMENT AS
TO DEFENDANT BREHNEN
KNIGHT
On May 5, 2025, Plaintiff Securities and Exchange Commission (“SEC”) and
Defendant Brehnen Knight filed a final consent agreement as to Defendant Brehnen
Knight. (Doc. No. 364.) Accordingly, the Court enters the following final consent
judgment against Defendant Knight:
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The Securities and Exchange Commission having filed a Complaint and an
Amended Complaint and Defendant Brehnen Knight having entered a general appearance;
consented to the Court’s jurisdiction over Defendant Knight and the subject matter of this
action; consented to entry of this Final Judgment; waived findings of fact and conclusions
of law; and waived any right to appeal from this Final Consent Judgment:
I.
It is hereby ordered, adjudged, and decreed that Defendant Knight is permanently
restrained and enjoined from violating, directly or indirectly, Section 10(b) of the Securities
Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. § 78j(b) and Rules 10b-5(a) & (c)
promulgated thereunder, 17 C.F.R. §§ 240.10b-5(a) & (c), by using any means or
instrumentality of interstate commerce, or of the mails, or of any facility of any national
securities exchange, in connection with the purchase or sale of any security:
(a) to employ any device, scheme, or artifice to defraud; or
(b) to engage in any act, practice, or course of business which operates or would
operate as a fraud or deceit upon any person.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
II.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Sections 17(a)(1) and (3) of the
Securities Act of 1933 (the “Securities Act”), 15 U.S.C. §§ 77q(a)(1) & (3), in the offer or
sale of any security by the use of any means or instruments of transportation or
communication in interstate commerce or by use of the mails, directly or indirectly:
(a) to employ any device, scheme, or artifice to defraud; or
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(b) to engage in any transaction, practice, or course of business which operates or
would operate as a fraud or deceit upon the purchaser.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
III.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Sections 5(a) & (c) of the Securities
Act, 15 U.S.C. §§ 77e(a) and (c), by, directly or indirectly, in the absence of any applicable
exemption:
(a) Unless a registration statement is in effect as to a security, making use of any
means or instruments of transportation or communication in interstate
commerce or of the mails to sell such security through the use or medium of
any prospectus or otherwise; or
(b) Unless a registration statement is in effect as to a security, carrying or causing
to be carried through the mails or in interstate commerce, by any means or
instruments of transportation, any such security for the purpose of sale or for
delivery after sale; or
(c) Making use of any means or instruments of transportation or communication
in interstate commerce or of the mails to offer to sell or offer to buy through
the use or medium of any prospectus or otherwise any security, unless a
registration statement has been filed with the Commission as to such security,
or while the registration statement is the subject of a refusal order or stop order
or (prior to the effective date of the registration statement) any public
proceeding or examination under Section 8 of the Securities Act, 15 U.S.C. §
77h.
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It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Judgment by personal service or otherwise: (a) Defendant Knight’s
officers, agents, servants, employees, and attorneys; and (b) other persons in active concert
or participation with Defendant Knight or with anyone described in (a).
IV.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently restrained and enjoined from violating Section 9(a)(1) of the Exchange Act,
15 U.S.C. § 78i(a)(1), by, directly or indirectly, by the use of the mails or any means or
instrumentality of interstate commerce, or of any facility of any national securities
exchange, for the purpose of creating a false or misleading appearance of active trading in
any security other than a government security, or a false or misleading appearance with
respect to the market for any such security, (A) to effect any transaction in such security
which involves no change in the beneficial ownership thereof, or (B) to enter an order or
orders for the purchase of such security with the knowledge that an order or orders of
substantially the same size, at substantially the same time, and at substantially the same
price, for the sale of any such security, has been or will be entered by or for the same or
different parties, or (C) to enter any order or orders for the sale of any such security with
the knowledge that an order or orders of substantially the same size, at substantially the
same time, and at substantially the same price, for the purchase of such security, has been
or will be entered by or for the same or different parties.
It is further ordered, adjudged, and decreed that, as provided in Federal Rule of Civil
Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual
notice of this Final Consent Judgment by personal service or otherwise: (a) Defendant
Knight’s officers, agents, servants, employees, and attorneys; and (b) other persons in
active concert or participation with Defendant Knight or with anyone described in (a).
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V.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is
permanently barred from participating in an offering of penny stock, including engaging in
activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or
attempting to induce the purchase or sale of any penny stock. A penny stock is any equity
security that has a price of less than five dollars, except as provided in Rule 3a51-1 under
the Exchange Act,17 C.F.R. § 240.3a51-1.
VI.
It is hereby further ordered, adjudged, and decreed that, pursuant to Section 21(d)(2)
of the Exchange Act, 15 U.S.C. § 78u(d)(2), and Section 20(e) of the Securities Act, 15
U.S.C. § 77t(e), Defendant Knight is prohibited from acting as an officer or director of any
issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act,
15 U.S.C. § 78l, or that is required to file reports pursuant to Section 15(d) of the Exchange
Act, 15 U.S.C. § 78o(d).
VII.
It is hereby further ordered, adjudged, and decreed that Defendant Knight is liable
for disgorgement of $385,890.02, representing net profits gained as a result of the conduct
alleged in the Complaint, together with prejudgment interest thereon in the amount of
$59,693.55, for a total of $445,583.57. Defendant Knight’s $445,583.57 payment
obligation will be offset by $71,184.18, the amount of restitution ordered against defendant
in United States v. Knight, 21-cr-3465-H (S.D. Cal.) Defendant Knight must satisfy this
obligation by paying $374,399.39 to the Securities and Exchange Commission within 30
days after entry of this Final Consent Judgment.
Defendant Knight may transmit payment electronically to the Commission, which
will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also
be made directly from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofm.htm. Defendant Knight may also pay by certified
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check, bank cashier’s check, or United States postal money order payable to the Securities
and Exchange Commission, which must be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and must be accompanied by a letter identifying the case title, civil action number, and
name of this Court; Brehnen Knight as a defendant in this action; and specifying that
payment is made pursuant to this Final Judgment.
Defendant Knight must simultaneously transmit photocopies of evidence of payment
and case identifying information to the Commission’s counsel in this action. By making
this payment, Defendant Knight relinquishes all legal and equitable right, title, and interest
in such funds and no part of the funds will be returned to Defendant Knight.
The Commission must hold the funds (collectively, the “Fund”) until further order
of this Court. The SEC may propose a plan to distribute the Fund subject to the Court’s
approval, and the Court will retain jurisdiction over the administration of any distribution
of the Fund.
The Commission may enforce the Court’s judgment for disgorgement and
prejudgment interest by using all collection procedures authorized by law, including, but
not limited to, moving for civil contempt at any time after 30 days following entry of this
Final Judgment. Defendant Knight must pay post judgment interest on any amounts due
after 30 days of entry of this Final Consent Judgment pursuant to 28 U.S.C. § 1961.
VIII.
It is further ordered, adjudged, and decreed that the Final Consent, (Doc. No. 264),
is incorporated herein with the same force and effect as if fully set forth herein, and that
Defendant Knight must comply with all of the undertakings and agreements set forth
therein.
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IX.
It is further ordered, adjudged, and decreed that, for purposes of exceptions to
discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the allegations
in the complaint are true and admitted by Defendant Knight, and further, any debt for
disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant
Knight under this Final Consent Judgment or any other judgment, order, consent order,
decree or settlement agreement entered in connection with this proceeding, is a debt for the
violation by Defendant Knight of the federal securities laws or any regulation or order
issued under such laws, as set forth in Section 523(a)(19) of the Bankruptcy Code, 11
U.S.C. §523(a)(19).
X.
It is further ordered, adjudged, and decreed that this Court will retain jurisdiction of
this matter for the purposes of enforcing the terms of this Final Judgment.
XI.
There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of
Civil Procedure, the Clerk is ordered to enter this Final Consent Judgment forthwith and
without further notice. In addition, because this is a final judgment against the sole
remaining defendant in this action, the Clerk is directed to close the case.
IT IS SO ORDERED.
DATED: May 27, 2025
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURT
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