September 14, 2020

Francisco Abellan Villena, Guillermo Ciupiak, James B. Panther, Jr., Faiyaz Dean

Market Manipulation

SANCTION AMOUNT: $15160000

Defendants: Francisco Abellan Villena, Guillermo Ciupiak, James B. Panther, Jr., Faiyaz Dean

A partial resolution of the case, this sanction reflects a default judgment against defendants Abellan ($15 million) and Dean. The SEC alleged that Abellan masterminded a market manipulation and unlawful stock distribution scheme involving issuer Biozoom, Inc.

Key Docs
Official SEC press release

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