SEC Charges Former Vinco Chair Vanderbilt With Fraud

Dow Jones06-14

By Katherine Hamilton

Roderick Vanderbilt, the former executive chairman of Vinco Ventures, has been charged by the Securities and Exchange Commission with defrauding investors of the digital-media technology company.

The SEC said Friday it filed a complaint claiming Vanderbilt made material misrepresentations in SEC filings and diverted Vinco's assets to his business associate and former romantic partner Theodore Farnsworth. Farnsworth didn't have a public-facing role at Vinco, but secretly controlled the company, the SEC alleged.

Farnsworth hand-picked Vanderbilt to join Vinco's board of directors in 2021, the SEC said. Vanderbilt then allegedly signed SEC filings that contained false and misleading statements, including a filing that identified Vinco officers but didn't disclose Farnsworth's involvement in the company, said the SEC.

Vanderbilt consented to a bifurcated settlement, which provides for permanent injunctive relief against future violations of certain laws, said the SEC. The complaint seeks interest and civil penalties, which will be determined by the court at a later date, added the regulator.

The SEC previously charged Farnsworth for his involvement with Vinco.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 13, 2025 17:36 ET (21:36 GMT)

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The complaint seeks inte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4190":"消闲用品","BK4077":"互动媒体与服务","BBIG":"Vinco Ventures, Inc."},"translate_title":"SEC指控Vinco前董事长范德比尔特欺诈","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBIG":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Roderick Vanderbilt, the former executive chairman of Vinco Ventures, has been charged by the Securities and Exchange Commission with defrauding investors of the digital-media technology company. \n\n\n  The SEC said Friday it filed a complaint claiming Vanderbilt made material misrepresentations in SEC filings and diverted Vinco's assets to his business associate and former romantic partner Theodore Farnsworth. 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The complaint seeks inte","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  Roderick Vanderbilt, the former executive chairman of <a href=\"https://laohu8.com/S/BBIGV\">Vinco Ventures</a>, has been charged by the Securities and Exchange Commission with defrauding investors of the digital-media technology company. \n</p>\n<p>\n  The SEC said Friday it filed a complaint claiming Vanderbilt made material misrepresentations in SEC filings and diverted Vinco's assets to his business associate and former romantic partner Theodore Farnsworth. Farnsworth didn't have a public-facing role at Vinco, but secretly controlled the company, the SEC alleged. \n</p>\n<p>\n  Farnsworth hand-picked Vanderbilt to join Vinco's board of directors in 2021, the SEC said. Vanderbilt then allegedly signed SEC filings that contained false and misleading statements, including a filing that identified Vinco officers but didn't disclose Farnsworth's involvement in the company, said the SEC. \n</p>\n<p>\n  Vanderbilt consented to a bifurcated settlement, which provides for permanent injunctive relief against future violations of certain laws, said the SEC. The complaint seeks interest and civil penalties, which will be determined by the court at a later date, added the regulator. \n</p>\n<p>\n  The SEC previously charged Farnsworth for his involvement with Vinco. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 13, 2025 17:36 ET (21:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Charges Former Vinco Chair Vanderbilt With Fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Charges Former Vinco Chair Vanderbilt With Fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-14 05:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  Roderick Vanderbilt, the former executive chairman of <a href=\"https://laohu8.com/S/BBIGV\">Vinco Ventures</a>, has been charged by the Securities and Exchange Commission with defrauding investors of the digital-media technology company. \n</p>\n<p>\n  The SEC said Friday it filed a complaint claiming Vanderbilt made material misrepresentations in SEC filings and diverted Vinco's assets to his business associate and former romantic partner Theodore Farnsworth. Farnsworth didn't have a public-facing role at Vinco, but secretly controlled the company, the SEC alleged. \n</p>\n<p>\n  Farnsworth hand-picked Vanderbilt to join Vinco's board of directors in 2021, the SEC said. Vanderbilt then allegedly signed SEC filings that contained false and misleading statements, including a filing that identified Vinco officers but didn't disclose Farnsworth's involvement in the company, said the SEC. \n</p>\n<p>\n  Vanderbilt consented to a bifurcated settlement, which provides for permanent injunctive relief against future violations of certain laws, said the SEC. The complaint seeks interest and civil penalties, which will be determined by the court at a later date, added the regulator. \n</p>\n<p>\n  The SEC previously charged Farnsworth for his involvement with Vinco. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 13, 2025 17:36 ET (21:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4190":"消闲用品","BK4077":"互动媒体与服务","BBIG":"Vinco Ventures, Inc."},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2543005658","content_text":"By Katherine Hamilton \n\n\n \n\n\n  Roderick Vanderbilt, the former executive chairman of Vinco Ventures, has been charged by the Securities and Exchange Commission with defrauding investors of the digital-media technology company. \n\n\n  The SEC said Friday it filed a complaint claiming Vanderbilt made material misrepresentations in SEC filings and diverted Vinco's assets to his business associate and former romantic partner Theodore Farnsworth. Farnsworth didn't have a public-facing role at Vinco, but secretly controlled the company, the SEC alleged. \n\n\n  Farnsworth hand-picked Vanderbilt to join Vinco's board of directors in 2021, the SEC said. Vanderbilt then allegedly signed SEC filings that contained false and misleading statements, including a filing that identified Vinco officers but didn't disclose Farnsworth's involvement in the company, said the SEC. \n\n\n  Vanderbilt consented to a bifurcated settlement, which provides for permanent injunctive relief against future violations of certain laws, said the SEC. The complaint seeks interest and civil penalties, which will be determined by the court at a later date, added the regulator. \n\n\n  The SEC previously charged Farnsworth for his involvement with Vinco. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 13, 2025 17:36 ET (21:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"BBIG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2543005658","isCrawlerRequest":true}