The New York Eastern District Court has stayed the lawsuit brought by the Securities and Exchange Commission (SEC) against Mina Tadrus and Tadrus Capital LLC.
The relevant order was signed by Judge Frederic Block on November 2, 2023, following a request by the US Government.
The government moved to intervene in the civil case and to stay the civil proceedings because of the pendency of the parallel criminal case and a related, ongoing grand jury investigation.
The same underlying facts are at issue in both the civil and the criminal matters.
A stay of proceedings is appropriate because the government’s motion is timely and the same alleged fraudulent schemes…
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