Operational Updates

SEC posts statement by Enforcement Director on jury verdict in Ismael Sanchez trial

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Key takeaways

  • The document is titled "Statement on Jury’s Verdict in Trial of Ismael Sanchez."
  • Attribution is to Margaret Ryan, Director, Division of Enforcement, Securities and Exchange Commission.
  • Publication date listed as Feb. 12, 2026 (pub_date: Thu, 12 Feb 2026 17:00:59 -0500).
  • The entry includes a link to the SEC newsroom: https://www.sec.gov/newsroom/speeches-statements/ryan-statement-ismael-sanchez-021226.
  • The provided excerpt contains metadata only and does not include the full text of the statement or details of the verdict or charges.

Follow Up Questions

Who is Ismael Sanchez and what was he charged with?Expand

Ismael (likely Ismael Zarco) Sanchez is named by the SEC as a former salesperson for the CryptoFX organization and an alleged participant in a large CryptoFX Ponzi-style investment fraud; the SEC filed civil charges accusing him (and others) of securities‑law violations for soliciting retail investors and misappropriating funds.

What verdict did the jury reach in the trial?Expand

The SEC statement says a jury returned a verdict holding Mr. Sanchez “liable for fraud and other violations” for his role in soliciting investors into the alleged Ponzi scheme. (The SEC excerpt does not give detailed jury findings or counts.)

What penalties or consequences does the verdict carry for Sanchez?Expand

The SEC statement excerpt does not specify penalties; civil consequences from SEC litigation can include disgorgement, civil money penalties, injunctions, asset freezes and industry bars, but the exact penalties for Sanchez are not stated in the available statement.

What did Margaret Ryan say in the full statement linked on the SEC website?Expand

Margaret A. Ryan’s full statement (linked on the SEC site) expresses that the Division of Enforcement is "pleased" with the jury verdict finding Mr. Sanchez liable for fraud and other violations relating to soliciting retail investors into the alleged Ponzi scheme; the public excerpt contains only that summary language and the full text on the SEC page reiterates the Enforcement Division’s view of the verdict.

What role does the SEC’s Division of Enforcement play in cases like this, and how does a criminal jury verdict interact with SEC civil enforcement actions?Expand

The SEC’s Division of Enforcement investigates and brings civil enforcement actions for securities-law violations (seeking disgorgement, penalties, injunctions, officer/director bars, etc.). A criminal jury verdict is separate (handled by prosecutors), but a criminal conviction or jury finding of fraud can strengthen the SEC’s civil case and admissible findings; conversely, the SEC can pursue civil remedies regardless of criminal outcomes. (Specific interaction depends on the facts and coordinating prosecutors.)

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