SEC v. Jamie S. Wilson; Justin Roger Wall; and Luis Jimenez Carrillo, No. LR-26235, District of Massachusetts (Feb. 3, 2025) — Press Release
raw: Jamie Wilson and Justin Wall
Jamie Wilson and Justin Wall, No. 1:21-cv-11272 (Feb. 3, 2025)
summary
The SEC obtained final judgments against Jamie S. Wilson and Justin Roger Wall for their roles in a microcap stock fraud scheme, resulting in significant penalties and penny stock bars.
paragraph
Jamie S. Wilson and Justin Roger Wall were ordered to pay $50,000 civil penalties each, plus disgorgement and interest totaling over $31,000 for Wilson and $9,400 for Wall. The defendants were charged with violating antifraud and ownership reporting provisions of the Securities Act and Exchange Act. Both individuals also received permanent bars from participating in penny stock offerings.
narrative
The SEC secured final judgments against UK residents Jamie S. Wilson and Justin Roger Wall for their participation in a fraudulent microcap scheme led by Luis Jimenez Carrillo. Between 2013 and 2019, the group concealed control over multiple microcap companies and used promotional campaigns to inflate stock prices before selling millions of shares. This orchestrated selling was disguised as ordinary trading by unaffiliated investors to maximize profits. Wilson was ordered to pay $28,107 in disgorgement, $3,173.02 in interest, and a $50,000 penalty. Wall was ordered to pay $7,870.81 in disgorgement, $1,597.78 in interest, and a $50,000 penalty. Both defendants face permanent injunctions against violating federal antifraud and ownership reporting laws and are barred from penny stock offerings.
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 CommissionLuis Jimenez CarrilloJustin Roger WallHaydee Sanchez Diaz MongeMartha Y. JimenezAmar BahadoorsinghJamie Samuel WilsonCharles A. CarrilloJamie S. Wilson
Keywords
securitieswilsonwallfinal againstcivil penaltyorderedjamie wilsonsecurities exchangefinalagainstexchangecarrillocivilstockparticipating
Exhibits & Attached Documents (2)
Extracted insights
Dollar amounts 6
- $50K $50,000 $10K–$100K
- $50K $50,000 $10K–$100K
- $28K $28,107 $10K–$100K
- $8K $7,870 <$10K
- $3K $3,173 <$10K
- $2K $1,597 <$10K
Entities 10
- person final judgment
- person final judgments against defendants
- person fraudulent scheme
- person jamie s. wilson
- person justin roger wall
- person luis jimenez carrillo
- company luis jimenez carrillo concealed control of securities
- agency sec complaint
- agency Securities and Exchange Commission
- court u.s. district court
Triples 14
- SEC Obtains Final Judgments Against Defendants
- U.S. District Court Entered Final Judgment Against Jamie S. Wilson
- Jamie S. Wilson Participated In Fraudulent Scheme
- Judgment Ordered Wilson To Pay $50,000 Civil Penalty
- U.S. District Court Entered Final Judgment Against Justin Roger Wall
- Justin Roger Wall Participated In Fraudulent Scheme
- Judgment Ordered Wall To Pay $50,000 Civil Penalty
- SEC Complaint Alleges Luis Jimenez Carrillo Concealed Control Of Securities
- Luis Jimenez Carrillo Sold Millions Of Shares
- Wall And Wilson Worked With Luis Jimenez Carrillo
- Final Judgment Enjoins Wilson From Violating Antifraud Provisions
- Final Judgment Bars Wilson From Penny Stock Offerings
- Final Judgment Enjoins Wall From Violating Antifraud Provisions
- Final Judgment Bars Wall From Penny Stock Offerings
PDF (from attached: judgment)
Text layers
Extracted body text (2,794c)
SEC Obtains Final Judgments Against Last Two Defendants in Fraudulent Microcap Scheme Litigation Release No. 26235 / February 3, 2025 Securities and Exchange Commission v. Luis Jimenez Carrillo, et al., Civil Action No. 1:21-cv-11272 (D. Mass. filed Aug. 4, 2021) On January 23, 2025, the U.S. District Court for the District of Massachusetts entered a final judgment against United Kingdom resident Jamie S. Wilson for participating in a fraudulent scheme involving unlawful microcap stock sales. The judgment ordered Wilson to pay a civil penalty of $50,000 in addition to relief that had previously been ordered by the Court. Also, on December 5, 2024, the Court entered a final judgment against United Kingdom resident Justin Roger Wall for participating in the same scheme. The judgment ordered Wall to pay a civil penalty of $50,000 in addition to relief that had previously been ordered by the Court. The SEC’s complaint alleges that, from at least 2013 through May 2019, Mexican resident Luis Jimenez Carrillo concealed the fact that he and others controlled the securities of numerous microcap companies whose stock was publicly traded in the U.S. securities markets. According to the complaint, Carrillo secretly sold millions of the companies’ shares in violation of the securities laws, often after organizing promotional campaigns to encourage investors to buy the stock. Wall and Wilson allegedly worked with Carrillo to gain control of at least one company’s securities and fraudulently sell them. The complaint alleges that, as a result of these actions, what appeared to be ordinary trading by unaffiliated investors was actually a massive selling of shares orchestrated by Carrillo, Wall, and Wilson, who were seeking to profit at the expense of defrauded investors. The final judgment against Wilson permanently enjoins him from violating the antifraud provisions 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, and the ownership reporting provisions of Section 13(d) of the Exchange Act, and permanently bars him from participating in offerings of penny stock. The judgment ordered Wilson to pay disgorgement of $28,107, prejudgment interest of $3,173.02, and a civil penalty of $50,000. The final judgment against Wall permanently enjoins him from violating the antifraud provisions 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, and the ownership reporting provisions of Section 13(d) of the Exchange Act, and permanently bars him from participating in offerings of penny stock. The judgment ordered Wall to pay disgorgement of $7,870.81, prejudgment interest of $1,597.78, and a civil penalty of $50,000.
OCR text (2,794c · html-text · 99% conf)
SEC Obtains Final Judgments Against Last Two Defendants in Fraudulent Microcap Scheme Litigation Release No. 26235 / February 3, 2025 Securities and Exchange Commission v. Luis Jimenez Carrillo, et al., Civil Action No. 1:21-cv-11272 (D. Mass. filed Aug. 4, 2021) On January 23, 2025, the U.S. District Court for the District of Massachusetts entered a final judgment against United Kingdom resident Jamie S. Wilson for participating in a fraudulent scheme involving unlawful microcap stock sales. The judgment ordered Wilson to pay a civil penalty of $50,000 in addition to relief that had previously been ordered by the Court. Also, on December 5, 2024, the Court entered a final judgment against United Kingdom resident Justin Roger Wall for participating in the same scheme. The judgment ordered Wall to pay a civil penalty of $50,000 in addition to relief that had previously been ordered by the Court. The SEC’s complaint alleges that, from at least 2013 through May 2019, Mexican resident Luis Jimenez Carrillo concealed the fact that he and others controlled the securities of numerous microcap companies whose stock was publicly traded in the U.S. securities markets. According to the complaint, Carrillo secretly sold millions of the companies’ shares in violation of the securities laws, often after organizing promotional campaigns to encourage investors to buy the stock. Wall and Wilson allegedly worked with Carrillo to gain control of at least one company’s securities and fraudulently sell them. The complaint alleges that, as a result of these actions, what appeared to be ordinary trading by unaffiliated investors was actually a massive selling of shares orchestrated by Carrillo, Wall, and Wilson, who were seeking to profit at the expense of defrauded investors. The final judgment against Wilson permanently enjoins him from violating the antifraud provisions 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, and the ownership reporting provisions of Section 13(d) of the Exchange Act, and permanently bars him from participating in offerings of penny stock. The judgment ordered Wilson to pay disgorgement of $28,107, prejudgment interest of $3,173.02, and a civil penalty of $50,000. The final judgment against Wall permanently enjoins him from violating the antifraud provisions 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, and the ownership reporting provisions of Section 13(d) of the Exchange Act, and permanently bars him from participating in offerings of penny stock. The judgment ordered Wall to pay disgorgement of $7,870.81, prejudgment interest of $1,597.78, and a civil penalty of $50,000.