SEC v. Dominic Williams, 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)
summary
The SEC obtained a final default judgment against Dominic Williams for violating the Securities Act through unregistered offerings, resulting in a permanent injunction and a $18,750 penalty.
paragraph
The U.S. District Court for the Southern District of California entered a default judgment against Dominic Williams for violating Sections 5(a) and (c) of the Securities Act. Williams is permanently enjoined from future violations and barred from participating in any penny stock offerings. The court ordered him to pay a civil penalty of $18,750.00.
narrative
The Securities and Exchange Commission (SEC) successfully obtained a final default judgment against defendant Dominic Williams in the Southern District of California. Williams was found liable for violating Sections 5(a) and (c) of the Securities Act by engaging in the unregistered offer and sale of securities. As part of the judgment, he is permanently enjoined from future violations of the Act and is strictly barred from participating in any penny stock offerings. The court ordered Williams to pay a civil penalty of $18,750.00 within 30 days of the entry of the judgment. This enforcement action is part of a broader litigation involving multiple defendants and entities, including Adtron Inc. and Stockpalooza.com. The court retains jurisdiction to enforce the penalty and may hold the funds for potential distribution.
Classified unregistered-securities(confidence 99%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →
Statutes
15 U.S.C. § 77e15 U.S.C. § 77h15 U.S.C. § 77t(d)28 U.S.C. § 300128 U.S.C. § 196117 C.F.R. 240.3a51-1Sections 5(a) and (c) of the Securities ActSection 8 of the Securities ActSection 20(d) of the Securities Act
Parties
Securities and Exchange CommissionOngkaruck SripetchAshmit PatelAdtron Inc.King Mutual Solutions Inc.Optimus Prime Financial Inc.Doit, LtdRedline InternationalDominic WilliamsBrehnen KnightAmanda FloresMichael WexlerATG Inc.Doji Capital, Inc.UAIM CorporationAndrew McAlpineOrca Bridge
Keywords
williamsfinal defaultdefaultcv-commissioncivilfinalactionpursuanth-bgs documentdocument pageidpageid pageordered adjudgedadjudged decreedcivil penalty
Extracted insights
Dollar amounts 1
- $19K $18,750 $10K–$100K
Entities 2
- person Dominic Williams
- agency Securities and Exchange Commission
Triples 4
- Securities And Exchange Commission obtained default judgment against Dominic Williams
- Court restrained and enjoined Dominic Williams
- Court barred Dominic Williams
- Court ordered Dominic Williams to pay $18,750.00 civil penalty
Text layers
Extracted body text (8,005c)
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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-AGS
DEFAULT JUDGMENT AGAINST
DEFENDANT DOMINIC WILLIAMS
Pursuant to the Court’s January 22, 2024 order granting Plaintiff Securities and
Exchange Commission (“SEC”)’s motion for default judgment against Defendant Dominic
Williams pursuant to Federal Rule of Civil Procedure 55(b), (Doc. No. 125), the Court
enters the following final default judgment against Defendant Williams:
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I.
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant
Williams is permanently restrained and enjoined from violating Sections 5(a) and (c) of the
Securities Act, 15 U.S.C. § 77e, 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) 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.
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 Default Judgment by personal service or otherwise:
(a) Defendant Williams’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant Williams or with anyone
described in (a).
II.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant Williams 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.
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III.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant Williams is liable for a civil penalty in the amount of $18,750.00 pursuant to
Section 20(d) of the Securities Act, 15 U.S.C. § 77t(d). Defendant Williams must make
this payment within 30 days after entry of this Final Default Judgment.
Defendant Williams 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 Williams may also pay by certified
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; Dominic Williams as a defendant in this action; and specifying that
payment is made pursuant to this Final Default Judgment.
Defendant Williams 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 Williams relinquishes all legal and equitable right, title,
and interest in such funds and no part of the funds will be returned to Defendant Williams.
The Commission may enforce the Court’s final default judgment for penalties by the
use of all collection procedures authorized by law, including the Federal Debt Collection
Procedures Act, 28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation
of any Court orders issued in this action. Defendant Williams must pay post judgment
interest on any amounts due after 30 days of the entry of this Final Default Judgment
pursuant to 28 U.S.C. § 1961. The Commission will hold the funds, together with any
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interest and income earned thereon (collectively, the “Fund”), pending further order of the
Court.
The Commission may propose a plan to distribute the Fund subject to the Court’s
approval. Such a plan may provide that the Fund will be distributed pursuant to the Fair
Fund provisions of Section 308(a) of the Sarbanes-Oxley Act of 2002. The Court will
retain jurisdiction over the administration of any distribution of the Fund and the Fund may
only be disbursed pursuant to an Order of the Court.
Regardless of whether any such Fair Fund distribution is made, amounts ordered to
be paid as civil penalties pursuant to this Final Default Judgment will be treated as penalties
paid to the government for all purposes, including all tax purposes. To preserve the
deterrent effect of the civil penalty, Defendant Williams must not, after offset or reduction
of any award of compensatory damages in any Related Investor Action based on Defendant
Williams’s payment of penalty in this action, argue that he is entitled to, nor will he further
benefit by, offset or reduction of such compensatory damages award by the amount of any
part of Defendant Williams’s payment of a civil penalty in this action (“Penalty Offset”).
If the court in any Related Investor Action grants such a Penalty Offset, Defendant
Williams must, within 30 days after entry of a final order granting the Penalty Offset, notify
the Commission’s counsel in this action and pay the amount of the Penalty Offset to the
United States Treasury or to a Fair Fund, as the Commission directs. Such a payment will
not be deemed an additional civil penalty and will not be deemed to change the amount of
the civil penalty imposed in this Final Default Judgment. For purposes of this paragraph,
a “Related Investor Action” means a private damages action brought against Defendant
Williams by or on behalf of one or more investors based on substantially the same facts as
alleged in the Complaint in this action.
IV.
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 Default
Judgment.
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V.
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 Default Judgment forthwith and
without further notice.
IT IS SO ORDERED.
DATED: January 31, 2024
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURTOCR text (8,877c · tika · 95% conf)
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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-AGS
DEFAULT JUDGMENT AGAINST
DEFENDANT DOMINIC WILLIAMS
Pursuant to the Court’s January 22, 2024 order granting Plaintiff Securities and
Exchange Commission (“SEC”)’s motion for default judgment against Defendant Dominic
Williams pursuant to Federal Rule of Civil Procedure 55(b), (Doc. No. 125), the Court
enters the following final default judgment against Defendant Williams:
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I.
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant
Williams is permanently restrained and enjoined from violating Sections 5(a) and (c) of the
Securities Act, 15 U.S.C. § 77e, 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) 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.
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 Default Judgment by personal service or otherwise:
(a) Defendant Williams’s officers, agents, servants, employees, and attorneys; and (b) other
persons in active concert or participation with Defendant Williams or with anyone
described in (a).
II.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant Williams 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.
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III.
IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that
Defendant Williams is liable for a civil penalty in the amount of $18,750.00 pursuant to
Section 20(d) of the Securities Act, 15 U.S.C. § 77t(d). Defendant Williams must make
this payment within 30 days after entry of this Final Default Judgment.
Defendant Williams 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 Williams may also pay by certified
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; Dominic Williams as a defendant in this action; and specifying that
payment is made pursuant to this Final Default Judgment.
Defendant Williams 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 Williams relinquishes all legal and equitable right, title,
and interest in such funds and no part of the funds will be returned to Defendant Williams.
The Commission may enforce the Court’s final default judgment for penalties by the
use of all collection procedures authorized by law, including the Federal Debt Collection
Procedures Act, 28 U.S.C. § 3001 et seq., and moving for civil contempt for the violation
of any Court orders issued in this action. Defendant Williams must pay post judgment
interest on any amounts due after 30 days of the entry of this Final Default Judgment
pursuant to 28 U.S.C. § 1961. The Commission will hold the funds, together with any
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interest and income earned thereon (collectively, the “Fund”), pending further order of the
Court.
The Commission may propose a plan to distribute the Fund subject to the Court’s
approval. Such a plan may provide that the Fund will be distributed pursuant to the Fair
Fund provisions of Section 308(a) of the Sarbanes-Oxley Act of 2002. The Court will
retain jurisdiction over the administration of any distribution of the Fund and the Fund may
only be disbursed pursuant to an Order of the Court.
Regardless of whether any such Fair Fund distribution is made, amounts ordered to
be paid as civil penalties pursuant to this Final Default Judgment will be treated as penalties
paid to the government for all purposes, including all tax purposes. To preserve the
deterrent effect of the civil penalty, Defendant Williams must not, after offset or reduction
of any award of compensatory damages in any Related Investor Action based on Defendant
Williams’s payment of penalty in this action, argue that he is entitled to, nor will he further
benefit by, offset or reduction of such compensatory damages award by the amount of any
part of Defendant Williams’s payment of a civil penalty in this action (“Penalty Offset”).
If the court in any Related Investor Action grants such a Penalty Offset, Defendant
Williams must, within 30 days after entry of a final order granting the Penalty Offset, notify
the Commission’s counsel in this action and pay the amount of the Penalty Offset to the
United States Treasury or to a Fair Fund, as the Commission directs. Such a payment will
not be deemed an additional civil penalty and will not be deemed to change the amount of
the civil penalty imposed in this Final Default Judgment. For purposes of this paragraph,
a “Related Investor Action” means a private damages action brought against Defendant
Williams by or on behalf of one or more investors based on substantially the same facts as
alleged in the Complaint in this action.
IV.
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 Default
Judgment.
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V.
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 Default Judgment forthwith and
without further notice.
IT IS SO ORDERED.
DATED: January 31, 2024
MARILYN L. HUFF, District Judge
UNITED STATES DISTRICT COURT
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