SEC v. Jon P. Kubler, Kubler Consulting LLC, Aksarben Evolution LLC, AV Bhill LLC, CFH Texas LLC, Green Saddle LLC (ponzi schemes, 2023)

Settled

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In September 2023 the SEC obtained emergency relief against Jon P. Kubler and five related entities over an alleged Nebraska Ponzi scheme. A consent final judgment dated January 22, 2025 sets penalties of $1 million in total and disgorgement of about $947,000 plus interest.

The record

What was ordered

Civil penalty

$1m

Disgorgement

$947k

Prejudgment interest

$262k

Total relief

$2.2m

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 September 21, 2023 as release LR-25842. The SEC obtained an asset freeze and restraining order and alleges that Kubler and his companies raised about $5.6 million, invested only about 4% as promised, and made Ponzi-like payments to earlier investors. Two entities are named as relief defendants.

This library tags the matter as a Ponzi scheme because the document describes returns to earlier investors paid from later investors' money, as alleged or found. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The final judgment, dated January 22, 2025 in the District of Nebraska, recites that the defendants and relief defendants consented to its entry without admitting or denying the allegations. It enjoins all defendants from antifraud violations and bars Kubler from participating in securities offerings except for his own account. It orders disgorgement and prejudgment interest in five parts, some owed jointly with entities (including relief defendants Kubler Financial and Midwest PEG), and civil penalties of $500,000 against Kubler and $100,000 each against Kubler Consulting, Aksarben Evolution, AV Bhill, CFH Texas and Green Saddle.

The stored figures add the five disgorgement parts ($947,216.11) and the five interest parts ($262,327.46), counting each jointly owed part once. The document does not describe any criminal case.

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. 2023-09-21 Litigation release published
2. 2025-01-22 Consent final judgment entered

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
• Final judgment (D. Neb.)

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.