SEC v. Gabriel Edelman, Creative Advancement LLC and Edelman Blockchain Advisors LLC (ponzi schemes, 2022)

Judgment entered

✓ Checked against the primary document on October 4, 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 September 2022 the SEC sued Gabriel Edelman and two entities over about $4.3 million raised from four investors for digital-asset investments. An SEC order says a judgment permanently enjoining Edelman was issued on April 10, 2024, and on May 30, 2024 the SEC barred him from the securities industry and from penny stock offerings by settled administrative order. The source does not state any money figures.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 15, 2022 as release LR-25509. The respondents named are Gabriel Edelman, Creative Advancement LLC and Edelman Blockchain Advisors LLC (0 individuals, 2 entities).

This library tags the matter as ponzi schemes, 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 crypto.

Outcome as to Edelman. SEC Release No. 34-100249 (May 30, 2024), a settled administrative order, records that on April 10, 2024 a judgment was issued permanently enjoining Gabriel Edelman from violating Section 17(a), Section 10(b) and Rule 10b-5 in SEC v. Edelman, 22 Civ. 7892 (S.D.N.Y.). Relying on that judgment, the Commission barred him from association with any broker, dealer, investment adviser or similar firm and from participating in penny stock offerings, with reentry conditions. The order does not say whether the civil judgment was by consent or whether money was ordered, and I did not open the judgment itself, so no disgorgement or penalty is recorded. The order restates the SEC's allegation of about $4.3 million raised from four investors; that is an allegation.

What this does not cover. The two entities, Creative Advancement LLC and Edelman Blockchain Advisors LLC, are not addressed by the order and were not checked.

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.

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

Timeline

1. 2022-09-15 Litigation release published
2. 2024-04-10 Judgment permanently enjoining Gabriel Edelman entered (as recited in SEC order)
3. 2024-05-30 SEC settled order bars Edelman from the securities industry and penny stock offerings

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 order, Gabriel Edelman, Release No. 34-100249

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.

Related actions

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

Record added September 10, 2026. submit a correction.