SEC Suit Over $200M Water Machine Scheme Put On Ice

By Ben Adlin · April 10, 2026, 11:04 PM EDT

A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that...

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Documents

Case Information

Case Title

Securities and Exchange Commission v. Chirico

Case Number

1:25-cv-06715

Court

New York Southern

Nature of Suit

Securities/Commodities

Date Filed

August 14, 2025


Case Title

USA v. WEAR

Case Number

1:25-cr-00365

Court

New York Southern

Nature of Suit

Date Filed

August 13, 2025

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