SEC v. Matthew A. Krimm, et al. (2019)

Judgment entered

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.

Report an error in this record (sec-matthew-a-krimm-et-al-2019) by email

In June 2019 the SEC announced default judgments in Delaware against Matthew Krimm and Krimm Financial Services, jointly liable for $913,537 of disgorgement, $161,277 of interest and a $913,537 penalty, for inducing at least 25 investors to put over $1.69 million into promissory notes for a mortgage business that did not exist.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-24519
Date filed	2019-06-27
Date resolved	2019-06-27
Court	U.S. District Court, District of Delaware
Status	judgment
Criminal parallel	Yes: guilty plea (Krimm (Delaware Department of Justice prosecution; awaiting sentencing))
Defendants	Matthew A. Krimm (individual) ; Krimm Financial Services, LLC (entity)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $914k
Disgorgement: $914k
Prejudgment interest: $161k
Total relief: $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 SEC announced the judgments of May 28, 2019 on June 27, 2019 (LR-24519); the complaint was filed in April 2017. Over 75% of the money allegedly went to Krimm's personal expenses and to payments to prior investors. Krimm pleaded guilty in a parallel Delaware case to securities fraud and theft.

The record showed about $2 million as disgorgement, which was the sum of disgorgement and the penalty. The Ponzi tag is removed because the release describes a mortgage offering fraud.

Timeline

2019-06-27 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.

Record added September 10, 2026. submit a correction.