SEC v. Albert Golusin; Peter Jacobs; and John Scuderi, No. LR-26296, Eastern District of New York (Apr. 29, 2025) — Press Release
raw: Albert Golusin; Peter Jacobs; John Scuderi
Albert Golusin; Peter Jacobs; John Scuderi, No. 1:25-cv-02379 (E.D.N.Y. Apr. 29, 2025)
summary
The SEC charged Albert Golusin, Peter Jacobs, and John Scuderi with a $21 million microcap fraud scheme involving American Green, Inc. to seek injunctions and various bars.
paragraph
Albert Golusin, Peter Jacobs, and John Scuderi allegedly orchestrated a microcap fraud scheme generating over $21 million in net trading proceeds from 2017 through 2022. The defendants face charges for violating the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC is seeking permanent injunctive relief, disgorgement, civil penalties, and officer-and-director or penny stock bars.
narrative
The SEC filed fraud charges against Albert Golusin, Peter Jacobs, and John Scuderi for a multi-year scheme involving American Green, Inc. that generated more than $21 million in net proceeds. Golusin and Jacobs allegedly acquired millions of shares at steep discounts through secured convertible debentures and misrepresented their status as company affiliates to bypass trading restrictions. Concurrently, Jacobs and Scuderi utilized manipulative trading and false promotional campaigns to drive public interest in the stock. The defendants are charged with violating various sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC is seeking permanent injunctive relief, disgorgement, and civil penalties. Additionally, the commission seeks penny stock bars for all and officer-and-director bars for Golusin and Jacobs.
Classified pump-and-dump(confidence 100%). EDGAR detection: forms S-8/S-1/424B/8-K· recall 69% / precision 12%. detection rule →
Statutes
Parties
Securities and Exchange CommissionGolusin
Keywords
american greenjacobsgolusin jacobsgolusinsecuritiesalbert golusinsecurities exchangeamericangreengolusin peterpeter jacobsjacobs johnjohn scuderiexchange commissionalleges golusin
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 2
- $21.00M $21 Million $10M–$100M
- $21.00M $21 million $10M–$100M
Entities 2
- company american green, inc.
- agency Securities and Exchange Commission
Triples 10
- Securities And Exchange Commission filed fraud charges against Albert Golusin, Peter Jacobs, and John Scuderi
- Albert Golusin and Peter Jacobs lent money to American Green, Inc.
- Albert Golusin and Peter Jacobs received millions of American Green shares at a steep discount to the market price
- Albert Golusin and Peter Jacobs misrepresented their control of American Green to American Green’s transfer agent and their broker-dealers
- Peter Jacobs and John Scuderi generated interest in American Green stock through manipulative trading, promotional campaigns, and false statements to the investing public
- Albert Golusin, Peter Jacobs, and John Scuderi violated 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
- Albert Golusin and Peter Jacobs violated Sections 5(a) and 5(c) of the Securities Act
- Securities And Exchange Commission seeks permanent injunctive relief, conduct-based injunctions, disgorgement and prejudgment interest, civil penalties, penny stock bars, and officer-and-director bars
- Securities And Exchange Commission conducted investigation by Andrew Elliott and supervised by Michael Brennan
- Securities And Exchange Commission will be led by P. Davis Oliver and supervised by James Carlson
PDF (from attached: complaint)
Text layers
Extracted body text (2,459c)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26296 / April 29, 2025 Securities and Exchange Commission v. Albert Golusin, et al., No. 1:25-cv-02379 (E.D.N.Y. filed Apr. 29, 2025) SEC Charges Three Individuals in Connection with a $21 Million Multi-Year Microcap Fraud Scheme On April 29, 2025, the Securities and Exchange Commission (the “SEC”) filed fraud charges against Arizona residents Albert Golusin, Peter Jacobs, and John Scuderi for their roles in an alleged scheme to fraudulently sell millions of shares of microcap issuer American Green, Inc.’s (“American Green”) stock, generating more than $21 million in net trading proceeds, from approximately January 2017 through at least mid-2022. The SEC’s complaint, filed in the U.S. District Court for the Eastern District of New York, alleges that Golusin and Jacobs, individually or through nominee entities under their control, lent money to American Green in exchange for secured convertible debentures, pursuant to which they received millions of American Green shares at a steep discount to the market price. The complaint further alleges that Golusin and Jacobs then misrepresented their control of American Green to American Green’s transfer agent and their broker-dealers, falsely asserting that Golusin, Jacobs, and their nominee entities were not affiliates of American Green in order to remove any trading restrictions and distribute the stock in unregistered, resale transactions to the public. According to the complaint, Jacobs and Scuderi, who was hired by Jacobs, concurrently generated interest in the stock through manipulative trading, promotional campaigns, and false statements to the investing public. The complaint alleges that Golusin, Jacobs, and Scuderi violated Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and that Golusin and Jacobs also violated Sections 5(a) and 5(c) of the Securities Act. The complaint seeks permanent injunctive relief, conduct-based injunctions, disgorgement and prejudgment interest, civil penalties, penny stock bars, and, as to Golusin and Jacobs, officer-and-director bars. The SEC’s investigation was conducted by Andrew Elliott and supervised by Michael Brennan. The litigation will be led by P. Davis Oliver and supervised by James Carlson. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
OCR text (2,459c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26296 / April 29, 2025 Securities and Exchange Commission v. Albert Golusin, et al., No. 1:25-cv-02379 (E.D.N.Y. filed Apr. 29, 2025) SEC Charges Three Individuals in Connection with a $21 Million Multi-Year Microcap Fraud Scheme On April 29, 2025, the Securities and Exchange Commission (the “SEC”) filed fraud charges against Arizona residents Albert Golusin, Peter Jacobs, and John Scuderi for their roles in an alleged scheme to fraudulently sell millions of shares of microcap issuer American Green, Inc.’s (“American Green”) stock, generating more than $21 million in net trading proceeds, from approximately January 2017 through at least mid-2022. The SEC’s complaint, filed in the U.S. District Court for the Eastern District of New York, alleges that Golusin and Jacobs, individually or through nominee entities under their control, lent money to American Green in exchange for secured convertible debentures, pursuant to which they received millions of American Green shares at a steep discount to the market price. The complaint further alleges that Golusin and Jacobs then misrepresented their control of American Green to American Green’s transfer agent and their broker-dealers, falsely asserting that Golusin, Jacobs, and their nominee entities were not affiliates of American Green in order to remove any trading restrictions and distribute the stock in unregistered, resale transactions to the public. According to the complaint, Jacobs and Scuderi, who was hired by Jacobs, concurrently generated interest in the stock through manipulative trading, promotional campaigns, and false statements to the investing public. The complaint alleges that Golusin, Jacobs, and Scuderi violated Section 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and that Golusin and Jacobs also violated Sections 5(a) and 5(c) of the Securities Act. The complaint seeks permanent injunctive relief, conduct-based injunctions, disgorgement and prejudgment interest, civil penalties, penny stock bars, and, as to Golusin and Jacobs, officer-and-director bars. The SEC’s investigation was conducted by Andrew Elliott and supervised by Michael Brennan. The litigation will be led by P. Davis Oliver and supervised by James Carlson. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.