SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021)

Judgment entered

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.

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In January 2021 the SEC charged Vuuzle Media Corp., Ronald Shane Flynn and Richard Marchitto over a boiler-room offering that raised more than US$25 million. On 22 June 2023 the District of New Jersey entered default judgments against Vuuzle US, Vuuzle UAE, Flynn and Marchitto with injunctions, about US$26.3 million in disgorgement and about US$27.9 million in penalties.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-25017
Date filed	2021-01-27
Date resolved	2023-06-22
Status	judgment
Criminal parallel	No
Defendants	Vuuzle Media Corp. (entity) ; Ronald Shane Flynn (individual) ; Richard Marchitto (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Exchange Act s.15(a) ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques	Boiler rooms

What was ordered

Civil penalty: $27.9m
Disgorgement: $26.3m
Prejudgment interest: $733k
Total relief: $54.9m
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 January 27, 2021 as release LR-25017. The respondents named are Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (1 individual, 1 entity).

This library tags the matter as boiler rooms, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The release references a parallel criminal proceeding. Where a criminal case exists, the civil and criminal outcomes are recorded separately, because they resolve on different standards of proof.

Outcome. SEC release LR-25754 says that on 22 June 2023 the court entered final judgments on a default basis against Vuuzle Media Corp., its UAE affiliate, Flynn and Marchitto. They are enjoined from further anti-fraud violations, and the three Vuuzle-side defendants from registration violations. Flynn and the two Vuuzle entities are jointly and severally liable for US$25,807,490.73 in disgorgement and US$720,354.08 in interest; Marchitto owes US$464,819 and US$12,974.31. Penalties are US$25,807,490.73 for Flynn, US$31,080 for Marchitto and US$1,035,909 for each Vuuzle entity.

The figures recorded are sums across the four judgments, counting the joint disgorgement once. Because the judgments were by default, they rest on the SEC's unopposed showing. The release does not say how much has been collected.

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.

Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

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.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2021-01-27	SEC	SEC v. Vuuzle Media Corp., Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2021)(this record)	Judgment entered
2023-06-27	SEC	SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

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

Action	Agency	Filed	Technique	Penalty	Status
SEC v. Andrew Spaventa and others (boiler rooms, 2026)	SEC	2026-08-17	Boiler Rooms	—	filed
SEC v. Timothy Page, Trevor Page and others (boiler rooms, 2024)	SEC	2024-11-20	Boiler Rooms , Undisclosed Control Blocks	$7.7m	judgment
SEC v. Mario Gogliormella, Steven Lacaj, and Karim Ibrahim a/k/a/ Chris Hayes (boiler rooms, 2024)	SEC	2024-06-12	Boiler Rooms	—	filed
SEC v. Legend Venture Partners LLC (boiler rooms, 2023)	SEC	2023-07-11	Boiler Rooms	—	filed
SEC v. Vuuzle Media Corp., Vuuzle Media Corp. Limited, Ronald Shane Flynn, and Richard Marchitto (boiler rooms, 2023)	SEC	2023-06-27	Boiler Rooms	$25.8m	judgment
SEC v. Matthew Nicosia, William Reininger, Fabrizio Di Carlo, and Ronald Touchard (boiler rooms, 2023)	SEC	2023-04-10	Boiler Rooms	$223k	judgment

Record added September 10, 2026. submit a correction.