Securities and Exchange Commission v. Bronson et al

Filing 321

ORDER: terminating 320 Letter Motion to Compel. Mr. Bronson has repeatedly and brazenly flouted the Court's multiple orders to pay disgorgement over the past several years. Part of his effort to ignore and circumvent the Court's orders has involved perjury from the witness stand and part of this effort has been to wait until final warnings were issued and then engage in the mirage of making payments that ultimately bounced. Now, on the day that he was to report to the Marshals Ser vice by noon, Mr. Bronson has attempted to make payment, but the SEC cannot verify whether there are sufficient funds for these payments. Given the clear pattern of Mr. Bronsons contempt, there is no reason to give Mr. Bronson the benefit of the doub t. These payments were to be made well before today, and if Mr. Bronson wanted to avoid the consequences of his contempt, he should have made payment earlier. Therefore, Mr. Bronson is to be immediately taken into the custody of the US Marshals Service and imprisoned until further order of the Court. SO ORDERED. (Signed by Judge Kenneth M. Karas on 1/28/2022) (ama)

Case 7:12-cv-06421-KMK Document 320 Filed 01/28/22 Page 1 of 1
321

January 28, 2022 
By ECF 
Hon. Kenneth M. Karas 
United States District Court 
United States Courthouse 
300 Quarropas Street, Chambers 533 
White Plains, New York 10601-4150 

Re:   U.S. Securities and Exchange Commission v. Bronson et al.,  
12-CV-6421 (KMK) 

Dear Judge Karas: 

I write to confirm that the United States Securities and Exchange Commission 
(“Commission”) seeks Defendant Edward Bronson’s (“Bronson”) continued incarcerated.  
DE 318.  This afternoon, after Bronson reported to the US Marshals Service, his counsel 
provided proof of funds for three payments.  DE 319.   These records reflect three 
transfers that reference the SEC.  The first is a $300,000 payment initiated on January 25, 
2022, which the Commission has received.   The other two payments, $380,000 and 
$20,000, initiated today, remain pending.  Until these payments clear and the 
Commission is actually paid, Bronson remains in violation of the Court Order.  Here, the 
Commission is particularly concerned because Bronson has twice before bounced 
payments.  Thus, until the funds clear, the Commission seeks Bronson’s continued 
incarceration.   

Respectfully submitted,  

Maureen Peyton King 
Mr. Bronson has repeatedly and brazenly flouted the Court’s multiple

orders to pay disgorgement over the past several years. Part of his effort
to ignore and circumvent the Court’s orders has involved perjury from the
witness stand and part of this effort has been to wait until final warnings
were issued and then engage in the mirage of making payments that
ultimately bounced. Now, on the day that he was to report to the Marshals
Service by noon, Mr. Bronson has attempted to make payment, but the
SEC cannot verify whether there are sufficient funds for these payments.
Given the clear pattern of Mr. Bronson’s contempt, there is no reason to
give Mr. Bronson the benefit of the doubt. These payments were to be
made well before today, and if Mr. Bronson wanted to avoid the
consequences of his contempt, he should have made payment earlier.
Therefore, Mr. Bronson is to be immediately taken into the custody of the
US Marshals Service and imprisoned until further order of the Court.
So Ordered.

1/28/22