SEC v. Ongkaruck Sripetch and others (pump and dump, 2025)

Judgment entered

Checked against the primary document on October 2, 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.

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In June 2025 the Securities and Exchange Commission announced that, with a May 2025 judgment against Brehnen Knight, it had final judgments against all seven individual defendants in its Southern District of California case over pump-and-dump schemes in at least 20 stocks between 2013 and 2017. The judgments total about $3.76 million in disgorgement, $1.59 million in interest and $203,750 in penalties, with penny stock bars; claims against the corporate defendants were voluntarily dismissed except ATG Inc., which was enjoined. Sripetch has appealed his disgorgement.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-26332
Date filed	2025-06-20
Court	U.S. District Court, Southern District of California
Status	judgment
Asset class	equities
Criminal parallel	No
Bars imposed	officer-and-director bar, penny stock bar
Defendants	Ongkaruck Sripetch (individual) ; Amanda Flores (individual) ; Brehnen Knight (individual) ; Andrew McAlpine (individual) ; Ashmit Patel (individual) ; Michael Wexler (individual) ; Dominic Williams (individual) ; ATG Inc. (entity) ; Adtron Inc. aka Stockpalooza.com (entity) ; DOIT, Ltd. (entity) ; DOJI Capital, Inc. (entity) ; King Mutual Solutions Inc. (entity) ; Optimus Prime Financial Inc. (entity) ; Orca Bridge (entity) ; Redline International (entity) ; UAIM Corporation (entity)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.9(a)(1) ; Exchange Act s.9(a)(2) ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques	Pump and dump , Unregistered distributions

What was ordered

Civil penalty: $204k
Disgorgement: $3.8m
Prejudgment interest: $1.6m
Total relief: $5.6m
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 June 20, 2025 as release LR-26332. The respondents named are Ongkaruck Sripetch, Amanda Flores, Brehnen Knight, Andrew McAlpine, Ashmit Patel, Michael Wexler, Dominic Williams, ATG Inc., Adtron Inc. aka Stockpalooza.com, DOIT, Ltd., DOJI Capital, Inc., King Mutual Solutions Inc., Optimus Prime Financial Inc., Orca Bridge, Redline International and UAIM Corporation (7 individuals, 9 entities). The action was brought in the U.S. District Court, Southern District of California.

The SEC alleged that Sripetch, working with the other defendants, engaged in manipulative trading and orchestrated pump-and-dump schemes in at least 20 issuers from August 2013 to December 2017. The release lists the individual judgments, which range from a $18,750 penalty for Dominic Williams to $2.25 million in disgorgement for Sripetch. This library tags the matter as pump and dump and unregistered distributions.

The conduct is recorded against equities.

The relief recorded in our data is civil penalties of $203,750 (Flores $185,000 and Williams $18,750), disgorgement of about $3,759,228 and prejudgment interest of about $1,589,095, summed across the individual judgments. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

Non-monetary relief recorded: officer-and-director bar, penny stock bar.

The action was dismissed. We keep dismissed matters in the library precisely so that the outcome is visible alongside the original allegation.

What technique is this, and how does it work?

This action is tagged with 2 techniques 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.

Pump and dump — see how it works, what statute it engages, and every other action tagged the same way.
Unregistered distributions — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

2025-06-20 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.

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

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Abraxas J. DiScala (pump and dump, 2024)	SEC	2024-09-20	Pump And Dump , Unregistered Distributions	—	judgment
SEC v. Benjamin L. Bunker, Esq. (pump and dump, 2020)	SEC	2020-01-23	Pump And Dump , Undisclosed Control Blocks +1	—	settled
SEC v. Jehu Hand and Antonio Katz (pump and dump, 2018)	SEC	2018-09-28	Pump And Dump , Unregistered Distributions	—	judgment
SEC v. Eddy U. Marin and Shane R. Spierdowis (pump and dump, 2018)	SEC	2018-05-02	Pump And Dump , Unregistered Distributions	—	settled
SEC v. Jeffrey D. Martin, Thomas L. Tedrow and others (Mainstream Entertainment pump and dump, 2017)	SEC	2017-08-01	Pump And Dump , Paid Stock Promotion +2	$142k	judgment
SEC v. Karen F. Aalders (pump and dump, 2017)	SEC	2017-07-31	Pump And Dump , Unregistered Distributions	—	settled

Record added September 10, 2026. submit a correction.