A $79 million final judgment has been entered against John Barksdale and sister Jonatina.

The Barksdale’s judgment follows a March 7th motion for default judgment by the SEC.

As per the granted March 15th final judgment, John (right) and sister Jonatina have been ordered to jointly pay:

$46.2 million in disgorgement

$10 million in prejudgment interest and

a $23.1 million civil penalty

A permanent injunction prohibiting further violations of the Securities Act was also been entered.

If the Barksdale’s don’t pay up, the SEC is allowed to file for civil contempt 30 days from judgment. Post judgment interest also kicks in after 30 days.

With respect to victim restitution, the court notes;

The (SEC) may propose a plan to distribute (recovered funds) subject ot the Court’s approval.

The Court shall retain jurisdiction over the administration of any distribution.

John and Jonatina Barksdale (right) were
sued by the SEC
back in March 2022. The SEC alleges the siblings ran
Ormeus Global
, $124+ million Ponzi scheme that spanned 2017 and 2018.

The ordered disgorgement amount reflects what the Barksdales personally stole.

John Barksdale was also
indicted on related Ormeus Global criminal charges
in March 2022.

Barksdale, a US national formerly living in Thailand, is believed to have since
fled to Dubai
.

Pending his arrest, Barksdale remains a wanted fugitive on the run.

🤖 Quick Answer

What was the total amount of the judgment against John and Jonatina Barksdale?
A $79 million final judgment was entered against John Barksdale and his sister Jonatina following an SEC motion for default judgment on March 7th, with the final judgment granted on March 15th.

What components comprised the Barksdale judgment?
The judgment included $46.2 million in disgorgement, $10 million in prejudgment interest, and a $23.1 million civil penalty. A permanent injunction prohibiting further Securities Act violations was also imposed.

What enforcement actions can the SEC pursue if the Barksdales fail to pay?
If payment is not made within 30 days, the SEC may file for civil contempt charges. Post-judgment interest also accrues 30 days after the judgment date.

**How will victim restitution

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