SEC v. Philip Thomas Kueber (undisclosed control blocks, 2018)

Judgment entered

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In October 2018 an Eastern District of New York court entered a consent judgment against Philip Kueber, who the SEC said concealed his control of microcap Cynk Technology through nominees and straw shareholders. It imposed injunctions and permanent officer-director and penny-stock bars; he had pleaded guilty and forfeited $1.2 million.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 on October 26, 2018 (litigation release 24325) that on October 10, 2018 the U.S. District Court for the Eastern District of New York entered a final judgment on consent against Kueber in SEC v. Kueber, filed July 31, 2015.

The complaint alleged that Kueber concealed his control of Cynk Technology Corp. and its purportedly unrestricted shares through nominees and straw shareholders. Cynk's stock rose to over $21 on July 10, 2014 with no assets or operations, and the SEC's July 11, 2014 trading suspension stopped him profiting. In the parallel criminal case he pleaded guilty, forfeited $1.2 million and received three years of supervised release.

The consent judgment permanently enjoins violations of Section 17(a), Section 10(b) and Rule 10b-5 and imposes permanent officer-director and penny-stock bars. The release states no SEC money figure, so none is recorded; the $1.2 million is a criminal forfeiture. This library tags the matter as undisclosed control blocks.

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.

• Undisclosed control blocks — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2018-10-26 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.