SEC v. Craig V. Sizer, and Miguel Mesa (boiler rooms, 2016)

Settled

Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In 2016, the SEC charged former microcap CEO Craig V. Sizer and boiler room operator Miguel Mesa with defrauding several hundred investors of about $20 million in Sanomedics and Fun Cool Free stock; both agreed to partial settlements barring them from penny stock offerings, with money to be set by the court.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-23658
Date filed	2016-09-28
Date resolved	2016-09-28
Status	settled
Asset class	equities
Criminal parallel	Yes: charged (Craig V. Sizer and Miguel Mesa), U.S. District Court, Southern District of Florida, 2016-09-26
Bars imposed	penny stock bar, officer-and-director bar
Defendants	Craig V. Sizer (individual) ; Miguel Mesa (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.15(a) ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques	Boiler rooms

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Securities and Exchange Commission announced this matter on September 28, 2016 as litigation release 23658. The defendants named are Craig V. Sizer and Miguel Mesa, in a complaint filed in the Southern District of Florida. As alleged, Mr Sizer gave Mr Mesa pitch points for boiler-room agents who sold Sanomedics and Fun Cool Free shares to seniors and others on false claims about the use of funds and no commissions, and the two took about 90 percent of the money raised. Both agreed, without admitting or denying, to penny stock bars, Mr Sizer also to an officer-and-director bar; sanctions are left to the court. A parallel criminal case was announced the same week.

This library tags the matter as boiler rooms, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

2016-09-28 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Other actions in the library sharing at least one technique tag with this one.

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Andrew Spaventa and others (boiler rooms, 2026)	SEC	2026-08-17	Boiler Rooms	—	filed
SEC v. Timothy Page, Trevor Page and others (boiler rooms, 2024)	SEC	2024-11-20	Boiler Rooms , Undisclosed Control Blocks	$7.7m	judgment
SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024)	SEC	2024-06-12	Boiler Rooms	—	filed
SEC v. Legend Venture Partners LLC (boiler rooms, 2023)	SEC	2023-07-11	Boiler Rooms	—	filed
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023)	SEC	2023-06-27	Boiler Rooms	$25.8m	judgment
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023)	SEC	2023-04-10	Boiler Rooms	$223k	judgment

Record added September 10, 2026. submit a correction.