SEC v. Jaeson Birnbaum (2021)

Settled

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 2021 the SEC charged New York attorney Jaeson Birnbaum with defrauding investors in his litigation finance firm Cash4Cases. A Commission order states that on October 13, 2021 the Southern District of New York entered an order enjoining him by consent, and the Commission suspended him from practising before it.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-25232
Date filed	2021-09-28
Date resolved	2021-10-13
Status	settled
Criminal parallel	No
Defendants	Jaeson Birnbaum (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

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 SEC announced the complaint on September 28, 2021 (LR-25232) in the Southern District of New York, covering 2017 to 2019. Some of the money went to personal expenses and Ponzi-like payments to earlier funders.

The Ponzi tag is removed because the release describes a double-pledging offering fraud, with Ponzi-like payments mentioned once. An officer-and-director bar that had not been imposed is cleared.

Outcome: the Commission's November 1, 2021 order (File No. 3-20641) states that on October 13, 2021 the Southern District of New York entered an order permanently enjoining Birnbaum, by consent, from violating Section 17(a) of the Securities Act and Section 10(b) and Rule 10b-5, in SEC v. Birnbaum, 21-cv-8047. It suspends him from appearing or practising before the Commission as an attorney. The order states no disgorgement or penalty, so none is recorded.

Timeline

2021-09-28 Litigation release published
2021-10-13 Consent injunction entered (S.D.N.Y.), as described in the Commission order of Nov. 1, 2021

Primary documents

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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.

Record added September 10, 2026. submit a correction.