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Violation Tracker Individual Record

Company: GTV Media Group, Inc. and Saraca Media Group, Inc.
Penalty: $479,900,000
Year: 2021
Date: September 13, 2021
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: GTV Media Group, Inc. and Saraca Media Group, Inc. agreed to pay $479.9 million restitution in settlement of allegations they unlawfully sold stocks and two digital instruments promoted as cryptocurrencies without registering in New York state. Payments made to the SEC in connection with that agency's investigation would count towards the restitution total.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.