Custodianship shell hijacking enforcement actions
This library records 5 enforcement actions tagged custodianship shell hijacking. Custodianship shell hijacking uses a state-court receivership process to seize control of an abandoned but still-quoted public company, then issues stock in it to the person who obtained the appointment.
Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the custodianship shell hijacking technique page.
- Actions
- 5
- Total penalties
- $530k
- Median penalty
- $265k
- Largest
- $280k
- Criminal parallel
- 20%
| Action | Agency | Filed | Penalty | Status |
|---|---|---|---|---|
| SEC v. Minerco, Inc., Bobby Shumake Japhia, and Julius Makiri Jenge (custodianship shell hijacking, 2024) | SEC | 2024-10-09 | — | filed |
| SEC v. Ulrik Debo (custodianship shell hijacking, 2020) | SEC | 2020-01-03 | — | filed |
| SEC v. Jeffrey D. Martin, et al. (custodianship shell hijacking, 2017) | SEC | 2017-08-01 | — | judgment |
| CFTC v. John D. Briner (custodianship shell hijacking, 2016) | CFTC | 2016-08-03 | $280k | judgment |
| CFTC v. Defendants Matthew J. Marcus (custodianship shell hijacking, 2016) | CFTC | 2016-07-08 | $250k | judgment |