SEC v. Joshua M. Beauregard and Jennifer M. Beauregard (ponzi schemes, 2016)

Settled

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In August 2016 the SEC settled with Joshua and Jennifer Beauregard, who sold JCS Enterprises and T.B.T.I. investments, requiring $24,800 of disgorgement and $200 of interest, offset by $25,000 paid to the receiver.

The record

What was ordered

Civil penalty

—

Disgorgement

$24.8k

Prejudgment interest

$200

Total relief

$25k

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 JCS and T.B.T.I. programmes were charged in 2014 as a Ponzi scheme. The Beauregards are charged as unregistered sellers and pay the receiver in two instalments.

The record carried the disgorgement but omitted the interest.

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. 2016-08-16 Administrative proceeding instituted (cease-and-desist)

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 order

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.