SEC v. Timothy M. Roberts, Terrance F. Taylor, and Craig Constantinou (unregistered distributions, 2015)

Settled

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The SEC's September 2015 case over fundraising for Savtira Corporation produced a consent final judgment against Timothy Roberts, filed on 3 August 2018 in the Middle District of Florida. It makes him jointly liable with Terrance Taylor for $63,884 in disgorgement and $7,225 in interest, deemed satisfied by criminal restitution and forfeiture. The outcomes for Taylor and Craig Constantinou were not read.

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

On September 9, 2015 the SEC filed a complaint in the Middle District of Florida against Timothy M. Roberts, Terrance F. Taylor and Craig Constantinou, alleging they exaggerated the prospects of Tampa technology firm Savtira Corporation to investors and illegally sold unregistered securities. It charges Securities Act Sections 5(a), 5(c) and 17(a) and Exchange Act Section 10(b) violations. The U.S. Attorney's Office announced criminal charges against Roberts and Taylor. These are allegations. The record previously merged the first two names.

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.

Roberts consented to a final judgment filed on 3 August 2018. It orders him to pay, jointly and severally with Taylor, disgorgement of $63,884 and prejudgment interest of $7,225, a total of $71,109, and treats that total as satisfied by the restitution and forfeiture orders in the parallel criminal case United States v. Roberts and Taylor, No. 8:15-cr-00356 (M.D. Fla.). I did not find or read separate judgments for Taylor or for Craig Constantinou, who was named in the complaint as selling Savtira securities, so the stored figures describe the Roberts judgment alone, and the sentences in the criminal case are not stated in the sources opened.

For the regulator's own account of the facts, read the primary documents linked above. This page summarises the structured record and does not reproduce them.

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. 2015-09-09 Litigation release published
2. 2018-08-03 Consent final judgment filed as to Roberts (M.D. Fla.)

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 Timothy M. Roberts (3 Aug 2018)

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.