Securities and Exchange Commission v. Bronson et al

Filing 318

ORDER granting 317 Letter Motion to Compel. Mr. Bronson has been repeatedly warned that failure to comply with the Court's disgorgement orders would result in a finding of contempt and imprisonment. Most recently, the Court ordered that Mr. Bronson make timely payments or face imprisonment. Per this letter from the SEC, it is clear that Mr. Bronson has once again failed to make a timely payment. Accordingly, he is to report to the US Marshals Service in the White Plains courthouse (300 Quarropas Street) by no later than 12 noon so he can be designated to a prison. So Ordered. (Signed by Judge Kenneth M. Karas on 1/27/2022) (tg)

Case 7:12-cv-06421-KMK Document 318 Filed 01/27/22 Page 1 of 1
Case 7:12-cv-06421-KMK Document 317 Filed 01/27/22 Page 1 of 1
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
BROOKFIELD PLACE, 200 VESEY STREET, SUITE 400
NEW

YORK, NY 10281-1 022

MEl\~O ENDORSED

NEW YORK
REGIONAL O1"1"lCf:

January 27, 2022
ByECF
Hon. Kenneth M. Karas
United States District Court
United States Courthouse
300 Quarropas Street, Chambers 533
White Plains, New York 10601-4150
Re:

US. Securities and Exchange Commission v. Bronson et al.,
12-CV-6421 (KMK)

Dear Judge Karas:
I write on behalf of the United States Securities and Exchange Commission
("Commission") to request that the Court order Defendant Edward Bronson ("Bronson")
be taken into custody for failing to make payment as ordered. DE 301,318.
As background, the Court ordered Bronson to pay the Commission $1,100,000 by
January 13, 2022 and file proof of payment and available funds on ECF or face arrest for
his contempt. DE 301. Bronson paid only $300,000 and filed a notice stating that he
"scheduled" an $800,000 payment for January 21 st without proof of funds. DEs 301, 310,
311. On January 14, 2022, the Court stayed its Order to incarcerate Bronson until
Janua:iyI9, 2022 at noon.- DE 318. The Order states that Bronson "either makes the
remainder of the payment he currently owes by noon on January 19, 2022, or he will go
to prison." Id.
On January 19, 2022, Bronson's counsel informed me that Bronson paid $800,000
- in two payments, $700,000 and $100,000 - and provided information from the pay.gov
system. When I followed up and asked if proof would be filed on ECF as required, I
received no response. This morning, I learned that the $700,000 payment was rejected
for insufficient funds. Thus, Bronson failed comply with the Court's Order to pay the
$800,000 outstanding balance on his installment plan by January 19, 2022 at noon. DE
318. So, consistent with the Court's Order, Commission counsel requests that the Court
direct the USMS to take Bronson into custody. DE 301, 318.
--Respectfully submitted,
Maureen Peyton King
Mr. Bronson has been repeatedly warned that failure to comply with the Court's disgorgement
orders would result in a finding of contempt and imprisonment. Most recently, the Court ordered
that Mr. Bronson make timely payments or face imprisonment. Per this letter from the SEC, it is
clear that Mr. Bronson has once again failed to make a timely payment. Accordingly, he is to
report to the US Marshals Service in the White Plains courthouse (300 Quarropas Street) by no

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