For one of the investors of the
Wings Network
 pyramid scheme,
litigation initiated by the SEC
early last year has come to an end.

In their complaint, the SEC alleged Simonia de Cassia Silva of Gloucester, Massachusetts earned $419,900 in recruitment commissions.

As part of a consent judgement that took into account Silva’s “financial condition”, she has been ordered to pay back $141,307.86.

In addition to the disgorgement amount, Silva is
permanently prohibited

from offering, operating, or participating in any marketing or sales program in which a participant is compensated or promised compensation solely or primarily

(1) for inducing another person to become a participant in the program, or

(2) if such induced person induces another to become a participant in the program.

Specific details about Silva’s financial condition, which might explain why less than half of what she made is to be paid back, were not provided by the SEC.

In settling the SEC’s charges, Silva admitted the facts alleged in the Commission’s complaint, namely that she was a promoter of defendants Tropikgadget Unipessoal LDA and Tropikgadget FZE, which operated under the name Wings Network; rented an office space for a Wings Network “training center” in Pompano Beach, Florida, where she and defendant Vinicius Aguiar promoted Wings Network to prospective investors; and earned commissions from the sale of Wings Network membership packs.

Vinicius Romulo Aguiar is accused of generating around $15 million in investment for Wings Network, as well as pocketing $1.3 million dollars in recruitment commissions.

Late last year
Wings Network was ordered to pay disgorgement
of almost $27 million dollars.

The SEC’s case against Wings Network management, and the remaining eleven affiliate defendants, continues.

🤖 Quick Answer

What was the outcome of the SEC's litigation against Wings Network affiliate Simonia de Cassia Silva?
Silva, an affiliate from Gloucester, Massachusetts, was ordered to pay $141,307.86 in disgorgement following a consent judgment. She had earned $419,900 in recruitment commissions from the pyramid scheme and faces permanent prohibition from participating in any marketing programs where compensation derives primarily from recruiting participants.

What restrictions were imposed on Silva as part of the judgment?
Silva received a permanent ban from offering, operating, or participating in any marketing or sales programs where participants earn compensation primarily for recruiting new members or for recruiting people who subsequently recruit others into the scheme.

🔗 Related Articles

- SEC file $23.5M Wings Network Ponzi scheme lawsuit
- $7.7 million final judgments conclude SEC’s Wings Network lawsuit
- MacroCoin scammers threaten legal action over review
- Ministry of Finance BBOM investigation suspended
- Sann Rodrigues personally promoted DFRF Enterprises