Securities and Exchange Commission v. Arbab et al
| Georgia Northern District Court | |
| Judge: | Victoria M Calvert |
| Case #: | 1:22-cv-04321 |
| Nature of Suit | 850 Other Statutes - Securities/Commodities/Exchange |
| Cause | 15:78m(a) Securities Exchange Act |
| Case Filed: | Oct 31, 2022 |
| Terminated: | Sep 11, 2024 |
| Last checked: Saturday Apr 29, 2023 4:55 AM EDT |
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Defendant
Mushfiqur Rahman
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Represented By
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Defendant
William Carl Spagnoli
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Represented By
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Plaintiff
Securities and Exchange Commission
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Represented By
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| TERMINATED PARTIES | |
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Defendant
Syed Arham Arbab
Terminated: 02/22/2023
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Represented By
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Defendant
Tomas Javier Jimenez
Terminated: 02/23/2023
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Defendant
Blake Douglas McKinney
Terminated: 02/23/2023
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Defendant
John Ryan Shows
Terminated: 02/23/2023
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| Docket last updated: 12 hours ago |
| Wednesday, September 11, 2024 | ||
| 37 | 37
order
Judgment
Wed 09/11 3:08 PM
FINAL JUDGMENT AS TO MUSHFIQUR RAHMAN. Defendant Rahman shall, pursuant to Sections 21(d)(5) and 21(d)(7) of the Securities Exchange Act of 1934 (Exchange Act) [15 U.S.C. § 78u(d)(5), (7)], pay disgorgement of $33,147.71, with prejudgment interest thereon of $4,480.60 and, pursuant to Section 21(d)(3) of the Exchange Act of 1934 [15 U.S.C. § 78u(d) (3)], a civil penalty of $25,000. Defendant shall satisfy this obligation by paying $62,628.31 to the Securities and Exchange Commission within 30 days after entry of this Final Judgment. (See order.) Signed by Judge Victoria M. Calvert on 9/11/2024. --Please refer to http://www.ca11.uscourts.gov to obtain an appeals jurisdiction checklist-- c:Financial Office(jbu) |
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order
Judgment
Wed 09/11 3:06 PM
FINAL JUDGMENT AS TO SYED ARHAM ARBAB. In addition to the disgorgement and prejudgment interest of $7,824.11 that Defendant Arbab was previously ordered to pay18 , Defendant Arbab shall also pay a civil penalty of $50,000, pursuant to Section 21(d)(3) of the Securities Exchange Act of 1934 [15 U.S.C. § 78u(d)(3)]. Defendant shall satisfy this obligation by paying $57,824.11 to the SEC within 30 days after entry of this Final Judgment. (See order.) Signed by Judge Victoria M. Calvert on 9/11/2024. --Please refer to http://www.ca11.uscourts.gov to obtain an appeals jurisdiction checklist-- c:Financial Office(jbu) |
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| 35 | 35
3
pgs
order
Order on Motion for Miscellaneous Relief
Wed 09/11 3:01 PM
ORDER granting in part26 Motion for Remedies against Arbab and Rahman. The Court will enter separate final judgments, on the forms provided by the Commission, ordering Defendant Rahman to pay disgorgement of $33,147.71, prejudgment interest thereon of $4,480.60, and a civil penalty of $25,000, and ordering Arbab to pay a civil penalty of $50,000. The Clerk shall close the case. Signed by Judge Victoria M. Calvert on 9/11/2024. c:Financial Office(jbu) |
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utility
Terminate Civil Case
Wed 09/11 3:09 PM
Civil Case Terminated. (jbu) |
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| Tuesday, August 13, 2024 | ||
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notice
Notice (Other)
Tue 08/13 10:46 AM
NOTICE by Securities and Exchange Commission re26 MOTION for Remedies against Arbab and Rahman of Supplemental Authority(Loomis, Madison) |
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Att: 1
Exhibit MDGA Remedies Order
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| Thursday, March 14, 2024 | ||
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utility
Submission to District Judge
Thu 03/14 3:30 PM
Submission of26 MOTION for Remedies against Arbab and Rahman,32 Response in Opposition to Motion and33 Reply to Response to Motion to District Judge Victoria M. Calvert. (pdt) |
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| Tuesday, March 12, 2024 | ||
| 33 | 33
respm
Reply to Response to Motion
Tue 03/12 1:17 PM
REPLY to Response to Motion re26 MOTION for Remedies against Arbab and Rahman filed by Securities and Exchange Commission. (Loomis, Madison) |
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| Tuesday, February 27, 2024 | ||
| 32 | 32
respm
Response in Opposition to Motion
Wed 02/28 12:23 PM
RESPONSE in Opposition re26 MOTION for Remedies against Arbab and Rahman filed by Syed Arham Arbab. (jbu) |
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| Wednesday, February 21, 2024 | ||
| 31 | 31
misc
Leave of Absence
Wed 02/21 11:15 AM
Notice for Leave of Absence for the following date(s): March 14-15, 2024, April 1-5, 2024, April 8-12, 2024, April 15-19, 2024, by Brian Michael Basinger. (Basinger, Brian) |
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| Tuesday, February 20, 2024 | ||
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1
pgs
order
Order on Motion for Extension of Time
Wed 02/21 9:13 AM
ORDER granting28 MOTION for Extension of Time to Oppose the SEC's Motion for Civil Penalties. Defendant Arbab shall respond to the SEC's Motion by February 28, 2024. Signed by Judge Victoria M. Calvert on 2/20/2024. (dnb) |
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| Friday, February 16, 2024 | ||
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utility
Submission to District Judge
Fri 02/16 12:53 PM
Submission of28 MOTION for Extension of Time to District Judge Victoria M. Calvert. (pdt) |
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| Thursday, February 15, 2024 | ||
| 28 | 28
motion
Extension of Time
Fri 02/16 12:52 PM
MOTION for Extension of Time to Oppose the SEC's Motion for Civil Penalties by Syed Arham Arbab. (pdt) |
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| Wednesday, February 14, 2024 | ||
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utility
Submission to District Judge
Wed 02/14 7:26 PM
Submission of27 Proposed Corrected Judgement (Other),26 MOTION for Remedies against Arbab and Rahman , to District Judge Victoria M. Calvert. (vs) |
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| Tuesday, January 30, 2024 | ||
| 30 | 30
respm
Response (Non-Motion)
Wed 02/21 9:53 AM
Assented to Motion to Provide the Defendant, Syed Arham Arbab.with time to oppose the SECs motion for Civil Penalties re27 Notice filed by Syed Arham Arbab. (Document has case number 3:19-cv-00055 TCB) (dnb) |
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| Friday, January 19, 2024 | ||
| 27 | 27
notice
Notice (Other)
Fri 01/19 12:14 PM
NOTICE by Securities and Exchange Commission re26 MOTION for Remedies against Arbab and Rahman [Proposed] Corrected Final Judgment as to Syed Arham Arbab (Loomis, Madison) |
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| Thursday, January 18, 2024 | ||
| 26 | 26
motion
Miscellaneous Relief
Thu 01/18 4:00 PM
MOTION for Remedies against Arbab and Rahman with Brief In Support by Securities and Exchange Commission.(Loomis, Madison) |
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Att: 1
Brief,
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Att: 2
Exhibit 1- Declaration of Brian Basinger with Exhibits: A-E,
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Att: 3
Final Judgment as to Syed Arham Arbab,
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Att: 4
Final Judgment as to Mushfiqur Rahman
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| Thursday, June 29, 2023 | ||
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6
pgs
order
Order on Motion to Approve Consent Judgment
Thu 06/29 2:18 PM
ORDER Granting24 Motion to Approve Consent Judgment as to Defendant Mushfiqur Rahman. Signed by Judge Victoria M. Calvert on June 29, 2023. (lwb) |
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utility
Submission to District Judge
Thu 06/29 9:56 AM
Submission of24 MOTION to Approve Consent Judgment Against Defendant Mushfiqur Rahman , to District Judge Victoria M. Calvert. (vs) |
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| Wednesday, June 28, 2023 | ||
| 24 | 24
motion
Approve Consent Judgment
Wed 06/28 6:30 PM
MOTION to Approve Consent Judgment Against Defendant Mushfiqur Rahman by Securities and Exchange Commission.(Murnahan, W.) |
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Att: 1
Text of Proposed Order
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| Thursday, March 09, 2023 | ||
| 23 | 23
9
pgs
order
Order on Motion to Approve Consent Judgment
Thu 03/09 2:23 PM
ORDER Granting22 Motion to Approve Consent Judgment as to Defendant William Carl Spagnoli. Signed by Judge Victoria M. Calvert on March 9, 2023. (lwb) |
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| 22 | 22
motion
Approve Consent Judgment
Thu 03/09 11:01 AM
MOTION to Approve Consent Judgment of Defendant William Carl Spagnoli by Securities and Exchange Commission.(Murnahan, W.) |
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Att: 1
Final Judgment as to Defendant William Carl Spagnoli
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| Thursday, February 23, 2023 | ||
| 21 | 21
order
Judgment - Consent
Fri 02/24 9:23 AM
CONSENT JUDGMENT as to Defendant Blake Douglas McKinney. Signed by Judge Victoria M. Calvert on February 23, 2023. (lwb) |
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| 20 | 20
order
Judgment - Consent
Fri 02/24 9:20 AM
CONSENT JUDGMENT as to Defendant Tomas Javier Jimenez. Signed by Judge Victoria M. Calvert on February 23, 2023. (lwb) |
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| 19 | 19
order
Judgment - Consent
Fri 02/24 9:15 AM
CONSENT JUDGMENT as to Defendant John Ryan Shows. Signed by Judge Victoria M. Calvert on February 23, 2023. (lwb) |
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| Wednesday, February 22, 2023 | ||
| 18 | 18
order
Judgment - Consent
Thu 02/23 10:25 AM
CONSENT JUDGMENT as to Defendant Syed Arham Arbab. Signed by Judge Victoria M. Calvert on February 22, 2023. (lwb) |
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| 17 | 17
motion
Approve Consent Judgment
Wed 02/22 1:40 PM
MOTION to Approve Consent Judgment by Securities and Exchange Commission.(Loomis, Madison) |
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Att: 1
Proposed Judgment as to Defendant Syed Arham Arbab
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| Thursday, February 16, 2023 | ||
| 16 | 16
order
Scheduling Order
Thu 02/16 12:16 PM
SCHEDULING ORDER: Signed by Judge Victoria M. Calvert on February 16, 2023. (lwb) |
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utility
Clerks Certificate of Mailing
Thu 02/16 12:20 PM
Clerk's Certificate of Mailing as to Robert Loventhal re16 Scheduling Order. (lwb) |
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| Wednesday, February 15, 2023 | ||
| 15 | 15
misc
Joint Preliminary Report and Discovery Plan
Wed 02/15 8:24 PM
JOINT PRELIMINARY REPORT AND DISCOVERY PLAN filed by Securities and Exchange Commission. (Murnahan, W.) |
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| Thursday, February 09, 2023 | ||
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2
pgs
order
Order on Motion for Extension of Time
Thu 02/09 12:32 PM
ORDER granting13 MOTION for Extension of Time File Joint Preliminary Report and Discovery Plan. Deadline is February 15, 2023. Signed by Judge Victoria M. Calvert on February 9, 2023. (lwb) |
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| Wednesday, February 08, 2023 | ||
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motion
Extension of Time
Wed 02/08 11:18 PM
MOTION for Extension of Time File Joint Preliminary Report and Discovery Plan by Securities and Exchange Commission.(Murnahan, W.) |
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Att: 1
Text of Proposed Order Proposed Order Granting Motion
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30+
pgs
order
Order
Wed 02/08 4:16 PM
STANDING ORDER: GUIDELINES TO PARTIES AND COUNSEL IN CASES PROCEEDING BEFORE THE HONORABLE VICTORIA M. CALVERT. Signed by Judge Victoria M. Calvert on 2/8/2023. (vs) |
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| Friday, February 03, 2023 | ||
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order
Order on Motion for Extension of Time
Fri 02/03 10:37 AM
ORDER granting11 Motion for Extension of Time re11 Joint MOTION for Extension of Time For Defendant Spagnoli to Respond to the Complaint . Answer to complaint due 3/14/2023.Entered by Judge Victoria M. Calvert on 2/3/23. (vs) |
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| Thursday, February 02, 2023 | ||
| 11 | 11
motion
Extension of Time
Thu 02/02 11:16 AM
Joint MOTION for Extension of Time For Defendant Spagnoli to Respond to the Complaint by Securities and Exchange Commission. (Loomis, Madison) |
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| Tuesday, January 24, 2023 | ||
| 10 | 10
misc
Letter re:83.1
Tue 01/24 3:56 PM
Letter from Clerk re: LR 83.1 Pro Hac Vice requirements sent to Robert D. Loventhal. Clerk to follow-up by 2/3/2023. (cdg) |
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| Wednesday, January 04, 2023 | ||
| 9 | 9
answer
Answer to Complaint
Mon 01/09 2:59 PM
ANSWER to1 COMPLAINT by Mushfiqur Rahman.(lwb) |
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| 8 | 8
answer
Answer to Complaint
Fri 01/06 12:04 PM
ANSWER to1 COMPLAINT by Syed Arham Arbab. (dmb) Please visit our website at http://www.gand.uscourts.gov to obtain Pretrial Instructions. Modified date on 1/6/2023 (dmb) |
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| Wednesday, November 30, 2022 | ||
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service
Waiver of Service Executed
Wed 11/30 4:43 PM
WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission. Mushfiqur Rahman waiver mailed on 11/1/2022, answer due 1/3/2023. (Loomis, Madison) |
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service
Waiver of Service Executed
Wed 11/30 4:39 PM
WAIVER OF SERVICE Returned Executed by Securities and Exchange Commission. Syed Arham Arbab waiver mailed on 11/1/2022, answer due 1/3/2023. (Loomis, Madison) |
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| 5 | 5
2
pgs
order
Order on Motion for Extension of Time to Answer
Wed 11/30 2:46 PM
ORDER granting4 Unopposed MOTION for Extension of Time to File Answer. William Carl Spagnoli Answer due 1/20/2023. Signed by Judge Victoria M. Calvert on November 30, 2022. (lwb) |
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| Tuesday, November 29, 2022 | ||
| 4 | 4
motion
Extension of Time to File Answer to Complaint
Tue 11/29 4:47 PM
Unopposed MOTION for Extension of Time to File Answer or Otherwise Respond to Complaint by William Carl Spagnoli.(Persons, Ellen) |
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Att: 1
Text of Proposed Order Proposed Order Granting Unopposed Motion for Extension of Time to Answer or Otherwise Respond to Complaint
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| Tuesday, November 15, 2022 | ||
| 3 | 3
service
Return of Service Executed
Tue 11/15 7:25 AM
Return of Service Executed by Securities and Exchange Commission. William Carl Spagnoli served on 11/9/2022, answer due 11/30/2022. (Murnahan, W.) |
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| Monday, October 31, 2022 | ||
| 2 | 2
service
Electronic Summons Issued
Tue 11/01 7:09 AM
Electronic Summons Issued as to Syed Arham Arbab, Mushfiqur Rahman, William Carl Spagnoli.(ceo) |
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Att: 1
Summons Rahman,
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Att: 2
Summons Spagnoli
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| 1 | 1
31
pgs
cmp
Complaint
Tue 11/01 7:09 AM
COMPLAINT with Jury Demand filed by Securities and Exchange Commission.(ceo) Please visit our website at http://www.gand.uscourts.gov/commonly-used-forms to obtain Pretrial Instructions and Pretrial Associated Forms which includes the Consent To Proceed Before U.S. Magistrate form. |
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Att: 1
Consent of Defendant Blake Douglas McKinney,
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Att: 2
Proposed Final Judgment as to of Defendant Blake Douglas McKinney,
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Att: 3
Consent of Defendant John Ryan Shows,
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Att: 4
Proposed Final Judgment as to of Defendant John Ryan Shows,
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Att: 5
Consent of Defendant Tomas Javier Jimenez,
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Att: 6
Proposed Final Judgment as to Defendant Tomas Javier Jimenez,
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Att: 7
Civil Cover Sheet
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