SEC v. Peter Scalise III and The3rdBevco Inc. (unregistered distributions, 2025)

Settled

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In 2025 the SEC charged Peter Scalise III and The3rdBevco Inc. with an offering fraud and unregistered sales, and announced a consent judgment of $856,461 disgorgement, $34,677 interest and a $236,451 penalty on Scalise, subject to court approval.

The record

What was ordered

Civil penalty

$236k

Disgorgement

$856k

Prejudgment interest

$34.7k

Total relief

$1.1m

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

On June 17, 2025 the SEC filed a complaint in the Eastern District of Pennsylvania against Peter Scalise III and The3rdBevco Inc., alleging they raised about $3.6 million from 2019 to 2024 through unregistered sales of securities backed by misleading claims, including an unauthorised celebrity link, and that Scalise diverted over $850,000. Without admitting or denying, both consented to a judgment enjoining them from Securities Act Sections 5(a), 5(c) and 17(a) and Exchange Act Section 10(b), jointly owing $856,461 in disgorgement and $34,677 in interest; Scalise would pay a $236,451 penalty and accept bars. The consent is subject to court approval.

This library tags the matter as unregistered distributions, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

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.

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

Timeline

1. 2025-06-17 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.

Related actions

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

Record added September 10, 2026. submit a correction.