SEC v. David N. Osegueda, Ishmail Calvin Ross, aka Calvin Ross, Zachary R. Logan, and Jessica Snyder, fka Jessica Gutierrez (pump and dump, 2019)

Settled

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In May 2019 the SEC sued four people over an alleged pump-and-dump of Green Cures & Botanical Distribution stock, in which shares were deposited under false pretenses and then sold into a promotion. Osegueda consented to judgment in November 2019, and judgments against Ross, Logan and Snyder were reported in May 2021 (Logan by default). Penalties total $1,499,941 and disgorgement with interest $1,899,342 across the four.

The record

What was ordered

Civil penalty

$1.5m

Disgorgement

$1.9m

Prejudgment interest

—

Total relief

$3.4m

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 May 20, 2019 as release LR-24472. The respondents named are David N. Osegueda, Ishmail Calvin Ross, Zachary R. Logan and Jessica Snyder (4 individuals, 0 entities).

This library tags the matter as pump and dump, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The conduct is recorded against equities.

Non-monetary relief ordered, per the SEC's later releases: penny stock bars for all four defendants and officer-and-director bars of ten years (Osegueda, Ross) and permanent duration (Snyder).

Outcome. A November 2019 SEC release says the Central District of California entered a consent judgment against Osegueda on 4 November 2019. A May 2021 release says final judgments were entered against the other three defendants: Ross and Snyder by consent and Logan by default. Per the two releases, the disgorgement-plus-interest figures are $933,181 (Osegueda), $781,868 (Ross) and $184,293 (Logan), and the civil penalties are $835,941, $400,000, $164,000 and $100,000 (Osegueda, Ross, Logan, Snyder). The record's money fields hold the sums: $1,499,941 in penalties and $1,899,342 in disgorgement, which includes prejudgment interest because the releases give the two together. All four are barred from penny stock offerings; Osegueda and Ross have ten-year officer-and-director bars and Snyder a permanent one. The date used is that of the May 2021 release because the entry dates of the three later judgments were not stated. Osegueda, Ross and Snyder did not admit or deny the allegations; Logan did not answer.

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.

• Pump and dump — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2019-05-20 Litigation release published
2. 2019-11-04 Consent judgment entered against David Osegueda
3. 2021-05-07 SEC reports final judgments against Ross, Logan and Snyder

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
• SEC litigation release 24659 (Osegueda judgment)
• SEC litigation release 25087 (remaining judgments)

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.

Same matter

The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.