SEC v. Turbo Global Partners, Inc. and Robert W. Singerman (fake press releases, 2020)

Settled

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On August 10, 2020 the Middle District of Florida entered a consent judgment against Turbo Global CEO Robert Singerman, enjoining him from fraud violations, with the civil penalty to be set later on the SEC's motion. The outcome for Turbo Global Partners itself was not checked.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

—

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 May 14, 2020 as litigation release 24820. The defendants named are Turbo Global Partners, Inc. and Robert W. Singerman. The complaint alleges Mr Singerman drafted releases on March 30 and April 3, 2020 claiming a multi-national public-private partnership to sell thermal scanners that were "99.99% accurate", when there was no agreement, no government partner and the partner's CEO had not made the quoted statements; the SEC had earlier suspended trading. The charge is Section 10(b) fraud.

The release mentions boiler rooms only because Mr Singerman was sued in 1999 over selling securities through a network of boiler rooms, which is history, not the conduct charged, so the boiler-room tag is replaced by fake press releases.

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

Outcome. The judgment as to Singerman, signed August 10, 2020 on his consent without admission or denial, permanently enjoins him from violating the antifraud rules, imposes an officer-and-director bar, and provides for a civil penalty whose amount the court would set on the SEC's later motion. The document contains no money figure, and the penalty decision was not located. The company Turbo Global Partners is not covered by this document.

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.

• Fake press releases — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2020-05-14 Litigation release published
2. 2020-08-10 Consent judgment entered against Robert W. Singerman (penalty reserved)

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
• Judgment as to Robert W. Singerman

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.