Order | Filed: May 19, 2025
Securities and Exchange Commission v. Sason et al
Securities/Commodities | New York Southern
Order
FINAL JUDGMENT AS TO PERIAN SALVIOLA: The Securities and Exchange Commission having filed a Complaint and Defendant Perian Salviola ("Defendant") having entered a general appearance; consented to the Court's jurisdiction over Defendan t and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction and except as otherwise provided herein in paragraph V); waived findings of fa ct and conclusions of law; and waived any right to appeal from this Final Judgment. As further stated in this Order, IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that (i) Defendant is liable jointly and severally with Defendants Kautilya &quo t;Tony" Sharma and Pallas Holdings, LLC for disgorgement of $5,396,629.54, representing net profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $404,631.17, fo r a total of $5,801,260.71; and (ii) Defendant shall also pay a civil penalty in the amount of $90,000. Defendant shall satisfy this obligation by paying $5,891,260.71 to the Securities and Exchange Commission within 30 days after entr y of this Final Judgment. Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC w ebsite at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to En terprise Services Center Accounts Receivable Branch 6500 South MacArthur Boulevard Oklahoma City, OK 73169 IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is incorporated herein with the same force and effect as if fully set forth her ein, and that Defendant shall comply with all of the undertakings and agreements set forth therein. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for purposes of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the allegations in the complaint are true and admitted by Defendant, and further, any debt for disgorgement, prejudgment interest, civil penalty or other amounts due by Defendant under this Final Judgment or any other judgment, ord er, consent order, decree or settlement agreement entered in connection with this proceeding, is a debt for the violation by Defendant of the federal securities laws or any regulation or order issued under such laws, as set forth in Section 523(a)(19 ) of the Bankruptcy Code, 11 U.S.C. §523(a)(19). IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the te1ms of this Final Judgment. (Signed by Judge Loretta A. Preska on 5/19/2025) (ar) Perian Salviola terminated. Transmission to Finance Unit (Cashiers) for processing.
Order | Filed: May 19, 2025
Securities and Exchange Commission v. Sason et al
Securities/Commodities | New York Southern
Order
FINAL JUDGMENT AS TO KAUTILYA SHARMA: The Securities and Exchange Commission having filed a Complaint and Defendant Kautilya (a/k/a Tony) Sharma ("Defendant") having entered a general appearance; consented to the Court's jurisdictio n over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction and except as otherwise provided herein in paragraph V); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment. As further stated in this Order, IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that (i) Defendant is liable jointly and severally with Defend ants Perian Salviola and Pallas Holdings, LLC for disgorgement of $5,396,629.54, representing net profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $404,631.17, f or a total of $5,801,260.71; and (ii) Defendant shall also pay a civil penalty in the amount of $90,000. Defendant shall satisfy this obligation by paying $5,891,260.71 to the Securities and Exchange Commission within 30 days after ent ry of this Final Judgment. Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to En terprise Services Center Accounts Receivable Branch 6500 South MacArthur Boulevard Oklahoma City, OK 73169 and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; identifying Kautilya (a/k/a Tony) Sharma as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment. Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is incorporated herein with the same force and effect as if fully set forth herein, and that Defendant shall comply with all of the undertakings and agreements set forth therein. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, solely for purpo ses of exceptions to discharge set forth in Section 523 of the Bankruptcy Code, 11 U.S.C. §523, the allegations in the complaint are true and admitted by Defendant, and further, any debt for disgorgement, prejudgment interest, civil penalty or o ther amounts due by Defendant under this Final Judgment or any other judgment, order, consent order, decree or settlement agreement entered in connection with this proceeding, is a debt for the violation by Defendant of the federal securities laws or any regulation or order issued under such laws, as set forth in Section 523(a)(19) of the Bankruptcy Code, 11 U.S.C. §523(a)(19). IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the te1ms of this Final Judgment. (Signed by Judge Loretta A. Preska on 5/19/2025) (ar) Kautilya Sharma terminated.Transmission to Finance Unit (Cashiers) for processing.