Securities and Exchange Commission v. Beasley, 2:22-cv-00612

The SEC filed a complaint against Matthew Wade Beasley, his law firm, Jeffrey Judd, Christopher Humphries, and several associated entities, alleging participation in a Ponzi scheme violating federal securities laws.
Denny Seybert and other individuals were charged as promoters of the fraudulent scheme, allegedly violating the Securities Act and the Exchange Act.
Eleven relief defendants were named for allegedly receiving ill-gotten gains.
A receiver was appointed by the court to secure and manage the assets of the defendants.
Seybert reached a settlement with the SEC regarding liability, agreeing to a judgment of injunction and reserving the monetary remedies for later determination by the court.
The SEC and Seybert jointly moved for entry of judgment, asserting the settlement is fair, adequate, and the result of good faith negotiations.

Issue	Plaintiff's Argument	Defendant's Argument	Held
Injunctive Relief & Liability	Seybert violated federal securities laws as a promoter in a Ponzi scheme	Consents to judgment as to liability and injunctive relief	Consent judgment granted; liability and injunctive relief entered
Fairness of Settlement	Settlement is fair, adequate, and reasonable	Joins in the request for judgment, preserving right to contest monetary relief	Settlement approved as fair and reasonable
Determination of Monetary Relief	Monetary remedies (disgorgement, penalties) should be resolved later	Reserves right to contest amounts of monetary relief	Amounts to be determined in future proceedings
Scope of Injunction	Seybert must be enjoined from further violations and solicitation	Consents to injunction as proposed	Injunction ordered as per settlement terms

SEC v. Randolph, 736 F.2d 525 (9th Cir. 1984) (approving consent judgment with injunctive relief and disgorgement)
SEC v. CR Intrinsic Investors, LLC, 26 F. Supp. 3d 260 (S.D.N.Y. 2014) (holding that consent judgments with injunctions and penalties are fair and reasonable)