Last we checked in on the SEC’s case against
Wings Network
, parent company Tropikgadget was
ordered to pay disgorgement
of $25,213,990, prejudgment interest of $961,742, and a third-tier civil penalty of $725,000.

On August 31st a Massachusetts Federal Court entered
final judgements
against Wings Network management and two top affiliates.

Final judgments were entered against Sergio Henrique Tanaka of Sao Paulo, Brazil and Davie, Florida; Carlos Luis da Silveira Barbosa of Lisbon, Portugal; Claudio de Oliveira Pereira Campos of Lisbon, Portugal; Viviane Amaral Rodrigues of Clinton, Massachusetts; and Wesley Brandao Rodrigues of Marlborough, Massachusetts.

In addition to finding the five defendants in violation of the Securities Exchange Act,

the judgments also order Tanaka to pay a total of $1,944,147, Barbosa to pay a total of $300,284, Campos to pay a total of $150,000, Viviane Rodrigues to pay a total of $462,732, and Wesley Rodrigues to pay a total of $162,404 in disgorgement of ill-gotten gains, prejudgment interest, and a civil penalty.

Earlier this year Simonia de Cassia Silva, a Massachusetts Wings Network affiliate, was
ordered to pay back
 $141,307.86.

The
SEC’s complaint against Wings Network
was filed in February of 2015. Litigation against the remaining eight affiliate defendants continues.

🤖 Quick Answer

What were the final judgments entered against Wings Network defendants in August?
A Massachusetts Federal Court entered final judgments against five Wings Network management members and affiliates on August 31st. The defendants, including Sergio Henrique Tanaka and Carlos Luis da Silveira Barbosa, were found in violation of the Securities Exchange Act. The court ordered substantial financial penalties, disgorgement amounts, and prejudgment interest totaling millions of dollars.

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