SEC v. Joey Stanton Dodson (ponzi schemes, 2017)

Judgment entered

✓ 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.

Report an error in this record (sec-joey-stanton-dodson-ponzi-schemes-2017) by email

In 2017 the SEC announced that Joey Dodson consented to a judgment requiring $1,718,026 of disgorgement, $189,389 of interest and an $859,013 civil penalty over misappropriating at least $1.7 million from investors, including Ponzi-like payments to earlier investors.

The record

What was ordered

Civil penalty

$859k

Disgorgement

$1.7m

Prejudgment interest

$189k

Total relief

$2.8m

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 alleged that Dodson took investor money for personal use, including cash for family members, casino trips and a car lease, and paid some earlier investors in unrelated projects with Ponzi-like payments. The settlement was subject to court approval.

The record carried disgorgement and interest but no penalty.

This library tags the matter as ponzi schemes because the document describes money from later investors being used to pay earlier ones. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

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. 2017-07-26 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.

Related actions

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

Record added September 10, 2026. submit a correction.