SEC v. Murakami, et al. (2018)

Judgment entered

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In August 2018 a Boston federal court entered a final judgment against hedge fund manager Yasuna Murakami and his two advisory firms for hiding trading losses and misappropriating investor money. They agreed to pay more than $7.9 million in disgorgement and interest, deemed satisfied by a criminal restitution order; Murakami was sentenced to six years.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-24226
Date filed	2018-08-06
Date resolved	2018-08-06
Status	judgment
Asset class	bonds
Criminal parallel	Yes: sentenced (Murakami), 2018-05-03
Sentence	6 years
Defendants	Yasuna Murakami (individual) ; MC2 Capital Management, LLC (entity) ; MC2 Canada Capital Management, LLC (entity)
Cited as charged or alleged	Advisers Act s.206 ; Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
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 judgment on August 6, 2018 (LR-24226). It had sued in May 2017 over a scheme in which Murakami misappropriated investor funds and sent fabricated statements through his partner Avi Chiat, whom the SEC was still litigating against. About $1.3 million went out as Ponzi-like payments to investors seeking redemption, one use of the diverted money rather than the charged scheme. Murakami pleaded guilty to wire fraud, received six years, and was barred from the industry in May 2018.

The record carried $7.9 million as disgorgement; the release gives it as disgorgement and prejudgment interest combined, so the figure is blank. The Ponzi tag is removed because the release describes a hedge fund loss-concealment and misappropriation fraud.

Timeline

2018-08-06 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.

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.

Date filed	Agency	Record	Status
2017-05-22	SEC	SEC v. Yasuna Murakami and Avi Chiat (ponzi schemes, 2017)	Settled
2018-08-06	SEC	SEC v. Murakami, et al. (2018)(this record)	Judgment entered
2019-06-24	SEC	SEC v. Avi Chiat (2019)	Judgment entered

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.

Record added September 10, 2026. submit a correction.