SEC v. Shane P. Fleming, et al. (insider trading, 2018)

Settled

✓ Checked against the primary document on October 4, 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.

Report an error in this record (sec-shane-p-fleming-et-al-insider-trading-2018) by email

In September 2017 the SEC charged eight people, led by a former Life Time Fitness vice president, in a chain of tips about the company's going-private deal; six traders allegedly made about $866,000 on out-of-the-money calls. We found consent judgments for two of the eight: Fleming (September 17, 2018, with a permanent officer-and-director bar) and Austin Mansur (June 11, 2019).

The record

What was ordered

Civil penalty

—

Disgorgement

$143k

Prejudgment interest

$22.7k

Total relief

$166k

Alleged gain

$866k

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 complaint alleged that Fleming tipped his friend Beshey in exchange for a share of profits, that Beshey passed it to Bonvissuto and Kourtis, and that Kourtis passed it to Carlucci, Kandalepas, Mansur and Weller. Kickbacks included about $10,000 in cash to Fleming and, from Weller, marijuana to Kourtis. The SEC announced it on April 4, 2018 as release LR-24095, and a parallel criminal case exists.

Outcome: the final judgment as to Fleming, dated September 17, 2018 in the Northern District of Illinois, records his consent, permanently prohibits him from acting as an officer or director of a public issuer, and orders $9,500 in disgorgement with $856.92 in interest ($10,356.92 in total, payable in installments). The judgment as to Mansur, dated June 11, 2019, records his consent and orders $133,326.01 in disgorgement and $21,885.30 in interest. The money fields sum those two. The documents do not show civil penalties. We did not find or check the outcomes for Beshey, Bonvissuto, Kourtis, Carlucci, Kandalepas or Weller, so the case may not be fully resolved.

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.

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

Timeline

1. 2018-04-04 Litigation release published
2. 2018-09-17 Consent final judgment entered against Shane Fleming
3. 2019-06-11 Consent final judgment entered against Austin Mansur

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
• Final judgment as to Shane P. Fleming (N.D. Ill., September 17, 2018)
• Final judgment as to Austin C. Mansur (N.D. Ill., June 11, 2019)

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.