Jeffrey A. Citron
Jeffrey A. Citron | |
|---|---|
| Nationality | American |
| Known for | Chairman of Vonage |
Jeffrey A. Citron is the chairman of Vonage, a voice-over-IP phone company. He was previously affiliated with Datek Online, the fourth-largest online stock brokerage at the time of its merger with Ameritrade in September 2002.[1]
Biography
Citron was raised in Brooklyn, the son of Howard Citron.[2] In the early 1990s, his father plead guilty to falsifying business records at a small New York securities firm that supported a stock-rigging scam costing investors millions.[2][3]
Citron was the defendant in a civil enforcement action for securities fraud by the United States Securities and Exchange Commission (SEC) in 2003.[4] Citron paid approximately $22.5 million of a $70 million settlement across all defendants. The SEC said these fines were "among the largest penalty amounts the SEC has ever obtained from individuals."[5] In February 2003, the SEC finalized the settlement, ordering that Citron be "barred from association with any broker or dealer."[6]
In 1999, Citron and his wife Suzanne Lynn founded the Charles Lafitte Foundation (CLF),[7] which has donated over $5 million to nonprofit organizations in the United States.[8]
References
- ^ TD AMERITRADE - History Archived 2007-08-16 at the Wayback Machine TD Ameritrade Holding Corporation AMTD.com
- ^ a b Barboza, David (May 10, 1998). "Golden Boy?; He's Dazzled Wall Street, but the Ghosts Of His Company May Haunt His Future". The New York Times.
- ^ Hurdle, John (January 23, 1991). "Securities firms, brokers charged in stock-rigging scheme". UPI.
- ^ SEC vs. Sheldon Maschler, Jeffrey A. Citron, (et al.) Securities and Exchange Commission January 14, 2003.
- ^ SEC Charges Former Day-Trading Principals with Securities Fraud; (...) Defendants Agree to Pay Total of $70 Million U.S. Securities and Exchange Commission. January 17, 2003.
- ^ SEC Administrative Proceeding File No. 3-11031, In the Matter of Jeffrey A. Citron, Respondent. U.S. Securities and Exchange Commission. February 6, 2003.
- ^ "Charles Lafitte Foundation website". Charles Lafitte Foundation. April 2017.
- ^ Board Members listing. Archived 2009-03-09 at the Wayback Machine Charles Lafitte Foundation website.
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