Brent Willis has settled a fraud lawsuit brought by the SEC for $175,000.
The SEC
filed suit against Willin in 2022
, alleging fraud tied to Willis’ role as former CEO of NewAge.
As alleged by the SEC, Willis (right) lied about “product distribution deals” in “investors conferences, earnings calls, media interviews, and in at least 12 press releases.”
In reality, these distribution deals either did not exist or were significantly smaller than claimed in the public statements.
Per a Joint Status Report filed on March 17th;
The Parties are pleased to report meaningful progress toward finalization of their settlement discussions. They hope to be able to report a final resolution, and to submit a consent judgment, in the coming days.
The SEC file a motion for Judgment against Willis on March 25th. The judgement was granted later the same day.
In addition to a $175,000 civil fine, Willis is prohibited from further acts of fraud. Willis is also banned from “acting as an officer or
director of any issuer that has a class of [registered] securities” for five years.
NewAge sold in-house manufactured beverages through
Noni by NewAge
. NewAge also
acquired Ariix
before eventually filing for bankruptcy in 2022.
After bankruptcy NewAge was
rebooted as Partner.Co
. A Daily Exposed review of Partner.Co is pending.
🤖 Quick Answer
Who is Brent Willis and what fraud did the SEC allege against him?Brent Willis is the former CEO of NewAge, a consumer health company. In 2022, the U.S. Securities and Exchange Commission filed a fraud lawsuit alleging that Willis made false public statements about product distribution deals during investor conferences, earnings calls, media interviews, and in at least 12 press releases.
What were the specific allegations in the SEC lawsuit against Brent Willis?
The SEC alleged that Willis misrepresented the existence and scale of product distribution deals to investors and the public. According to the complaint, these deals either did not exist or were significantly smaller than publicly claimed, constituting securities fraud through misleading statements disseminated across multiple communication channels.
How much did Brent Willis pay to settle the SEC fraud case?
Brent Willis agreed to pay $175,000 to settle the fraud lawsuit
📰 Aggiornamenti e Notizie Correlate
(aggiornato al 17/04/2026)1. Justin Sun Settles SEC Fraud Case for $10 Million - Insurance Journal — Fri, 06 Mar 2026 13:37:44 GMT
Justin Sun Settles SEC Fraud Case for $10 Million. The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity. Sun and his companies did not admit or deny wrongdoing, the SEC sa…
2. ADM to Pay $40 Million to Settle SEC Accounting Fraud Probe (1) - Bloomberg Law News — Wed, 28 Jan 2026 01:23:14 GMT
Email&body=Here%20is%20a%20story%20that%20I%20thought%20would%20interest%20you.%0D%0A%0D%0Ahttps%3A%2F%2Fnews.bloomberglaw.com%2Fsecurities-law%2Fadm-to-pay-40-million-to-settle-sec-accounting-fraud-probe%3Futm_source%3DEmail_Share). # ADM to Pay $40 Million to Settle SEC Accounting Fraud Probe (1).…3. Forescout, Investors Get Final Nod for $45 Million Settlement - Bloomberg Law News — Mon, 08 Dec 2025 19:52:46 GMT
Forescout, Investors Get Final Nod for $45 Million Settlement. December 8, 2025, 7:52 PM UTC. Forescout Technologies Inc.‘s $45 million settlement of class claims for securities fraud has received a federal court’s final approval. The deal is a fair, reasonable, and adequate resolution of investor…
4. OFAC Fines Real Estate Firm $7M Over Sanctions Violations - Law360 — Fri, 05 Dec 2025 02:06:00 GMT
* Sign up for our newsletters. Commercial ··· Residential ··· RealPage Tracker ··· Brownfields Policy Tracker ··· Tall Buildings Tracker ··· Real Estate Authority Map ··· More. # OFAC Fines Real Estate Firm $7M Over Sanctions Violations. The Department of the Treasury's Office of Foreign Assets Cont…5. SEC drops fraud case against mining CFO - CFO.com — Mon, 12 Jan 2026 00:00:00 GMT
SEC drops fraud case against mining CFO. The commission said it has agreed to dismiss the 2017 civil case against Rio Tinto’s former CFO Guy Elliott. Nearly a decade after opening a fraud lawsuit against the former CFO of British-Australian mining company Rio Tinto, the Securities and Exchange Com…
6. WATCH: Oklahoma's Brent Venables SEC Media Days Breakout - Sports Illustrated — Wed, 16 Jul 2025 21:59:03 GMT
WATCH: Oklahoma's Brent Venables SEC Media Days Breakout Image 4 * ON SI WATCH: Oklahoma's Brent Venables SEC Media Days Breakout Image 7: SEC Media Days - Oklahoma Coach Brent Venables Breakout SEC Media Days - Oklahoma Coach Brent Venables Breakout / WATCH: Oklahoma Coach Brent Venables at SEC Med…🔗 Related Articles
- Ash Mufareh settles OnPassive fraud with SEC for $32 mill
- ACN denied Supreme Court stay in Trump RICO class-action
- Seventh BitConnect lawsuit filed in California ($110,000 in losses)
- BitConnect class-action lawsuit filed over $771,000 in losses
- Alex Morton settles Iyovia fraud with FTC for $76 mill