SEC v. Gregory Altieri (ponzi schemes, 2020)

Settled

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In December 2020 the SEC charged Gregory Altieri over an alleged Ponzi-like scheme that raised over US$69 million from police officers, firefighters and others through a purported jewelry investment. On 20 April 2021 the Eastern District of New York entered a consent judgment enjoining him, leaving disgorgement, interest and any penalty to be set later.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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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 December 30, 2020 as release LR-25000. The respondents named are Gregory Altieri (1 individual, 0 entities). The action was brought in the U.S. District Court, Eastern District of New York.

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 release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. SEC release LR-25080 says that on 20 April 2021 the court entered a consent judgment that permanently enjoins Altieri from violating Section 17(a), Section 10(b) and Rule 10b-5. It leaves disgorgement, prejudgment interest and a civil penalty to be decided by the court on a later SEC motion. The Ponzi-like description of the scheme is the SEC's allegation; the consent judgment contains no findings.

What the source does not show: the later monetary determination was not found in the sources opened for this record, so no money figures are entered. The status reflects the consent judgment on liability only.

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. 2020-12-30 Litigation release published
2. 2021-04-20 Consent judgment entered; monetary relief left for later determination (SEC LR-25080, published 23 April 2021)

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 LR-25080 (consent judgment)
• Consent judgment, Gregory Altieri

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 2 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.