SEC v. Joseph Orazio DeGregorio (2022)
Settled
Checked against the primary document on October 3, 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.
In March 2022 the SEC charged former broker Joseph DeGregorio with taking $1.2 million from four investors aged 78 to 94 through a fake guaranteed 13% promissory note and shell companies. He agreed to settle, subject to court approval, with money to be set later.
The record
| Agency | SEC |
|---|---|
| Release number | LR-25339 |
| Date filed | 2022-03-02 |
| Date resolved | 2022-03-02 |
| Court | U.S. District Court, Eastern District of New York |
| Status | settled |
| Criminal parallel | Yes: charged (Joseph Orazio DeGregorio), U.S. District Court, Eastern District of New York, 2022-03-01 |
| Defendants | Joseph Orazio DeGregorio |
| Techniques |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
The SEC announced the complaint on March 2, 2022 (LR-25339) in the Eastern District of New York. He allegedly stole most of the money and used part to repay investors in a Ponzi-like fashion.
The Ponzi tag is removed because the release describes theft from elderly investors, with Ponzi-like repayments a minor detail.
Timeline
- 2022-03-02 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.