SEC
Whistleblower
Attorneys

September 21, 2018

John Galanis, Jason Galanis, Derek Galanis, Jared Galanis, Gary T. Hirst, Gavin Hamels

Trading and Pricing

SANCTION AMOUNT: 10704914.92

Defendants: John Galanis, Jason Galanis, Derek Galanis, Jared Galanis, Gary T. Hirst, Gavin Hamels

Defendants orchestrated a fraudulent scheme to secretly issue $72 million of unrestricted shares in Gerova Financial Group Ltd., a Bermuda-domiciled issuer whose shares once traded on the NYSE, to a friend of the Galanis family in Kosovo, and then bribe investment advisers to purchase the family friend's Gerova stock in client accounts through coordinated trades.

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