Following news of a
settlement between Nutra Pharma Corp defendants and the SEC
in April, details of two settlements have now been made public.

As
part of a final judgment in favor of the SEC
;

Erik “Rik” Deitsch, former CEO of Nutra Pharma Corp, was ordered to pay $44,046 in disgorgement, $5013 in prejudgment interest and a $30,000 civil penalty

Sean McManus, a Nutra Pharma Corp consultant, was ordered to pay $5,500 in disgorgement, $625 in prejudgment interest and a $5500 civil penalty

Deitsch and McManus are both “permanently enjoined” from committing further violations of the Securities and Exchange Act. Deitsch is additionally banned from being an Officer or Director of a company for three years.

On May 16th the court ordered the parties to file a “further status update”. As per a May 15th Status Report from the SEC, this pertains to proceedings against Nutra Pharma Corp.

Since the parties’ last joint status update on April 15, 2024, the SEC has submitted, and the Court has entered, final judgments that have resolved all issues as to Nutra Pharma’s co-defendants.

To date, the SEC has not received additional information that Nutra Pharma indicated it would provide to facilitate a potential settlement of the remaining issues as to Nutra Pharma.

MyNyloxin
 was an MLM company that marketed Nutra Pharma Corporation’s Nyloxin pain-relief product.

Supposedly, Nyloxin’s active ingredient was cobra venom.

MyNyloxin collapsed in January 2015. A reboot company Lumaxa was launched but didn’t last long.

In late 2018 the SEC 
filed a lawsuit against Nutra Pharma Corporation
, alleging securities fraud and share price manipulation.

🤖 Quick Answer

What were the settlement amounts imposed on Nutra Pharma Corp's former CEO Erik Deitsch?
Erik Deitsch was ordered to pay $44,046 in disgorgement, $5,013 in prejudgment interest, and a $30,000 civil penalty as part of the SEC settlement. Additionally, he was permanently enjoined from further Securities Exchange Act violations and banned from serving as an officer or director for three years.

Who else was involved in the Nutra Pharma Corp settlement with the SEC?
Sean McManus, a consultant for Nutra Pharma Corp, was also settled with by the SEC. He was required to pay $5,500 in disgorgement, $625 in prejudgment interest, and a $5,500 civil penalty, and was permanently enjoined from committing further securities violations.

**What restrictions were imposed on the defendants following the

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