SEC v. Mina Tadrus, et al. (ponzi schemes, 2023)

Settled

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In 2023 the SEC sued Mina Tadrus and Tadrus Capital LLC over an alleged fund fraud aimed at a religious community. A final consent judgment against Tadrus was entered on December 12, 2025, with disgorgement of $4,070,350 plus interest of $72,100 treated as satisfied by a criminal restitution order.

The record

What was ordered

Civil penalty

—

Disgorgement

$4.1m

Prejudgment interest

$72.1k

Total relief

$4.1m

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 8, 2023 as release LR-25823. The release reports a preliminary injunction and asset freeze of 22 August 2023 in the case alleging that Tadrus and his firm raised over $5 million from at least 31 investors and used at least $1.4 million for return payments in Ponzi fashion. The matter remains pending; a bar and conduct-based injunction are sought.

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 SEC reported on December 17, 2025 that the Eastern District of New York entered a final consent judgment against Mina Tadrus on December 12, 2025. It follows a bifurcated consent judgment of August 12, 2025, in which he agreed to permanent injunctions, a conduct-based restriction on dealing in securities outside his own account, and an officer-and-director bar. The final judgment orders disgorgement of $4,070,350 and prejudgment interest of $72,100, treated as satisfied by the restitution order in United States v. Tadrus, and turns frozen assets over to the criminal court.

The release does not say how the claims against Tadrus Capital LLC ended, so that defendant was not checked. This case appears twice in the library under releases LR-25798 and LR-25823, which both concern No. 1:23-cv-5708.

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. 2023-09-08 Litigation release published
2. 2025-12-12 Final consent judgment entered against Mina Tadrus

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
• SEC litigation release reporting the outcome

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.

Same matter

The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.