Investment Banker Ordered to Pay SEC $1.8 Million Post Prison

An investment banker who is currently serving prison time for violating a consent judgment must pay the Securities and Exchange Commission nearly $1.8 million within 90 days of his release, a federal judge ruled.

Judge Mark L. Wolf agreed in November to hold Craig Medoff in civil contempt for violating a 2016 final judgment that barred him from issuing securities for a decade and had him pay a smaller sum to the SEC. The judge in November also agreed with the SEC to have Medoff pay about $1.8 million in disgorgement and prejudgment interest for violating the 2016 order.

But ...