Jeffrey A. Citron

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]

Jeffrey A. Citron
NationalityAmerican
Known forChairman of Vonage

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
  1. TD AMERITRADE - History Archived 2007-08-16 at the Wayback Machine TD Ameritrade Holding Corporation AMTD.com
  2. 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.
  3. Hurdle, John (January 23, 1991). "Securities firms, brokers charged in stock-rigging scheme". UPI.
  4. SEC vs. Sheldon Maschler, Jeffrey A. Citron, (et al.) Securities and Exchange Commission January 14, 2003.
  5. 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.
  6. SEC Administrative Proceeding File No. 3-11031, In the Matter of Jeffrey A. Citron, Respondent. U.S. Securities and Exchange Commission. February 6, 2003.
  7. "Charles Lafitte Foundation website". Charles Lafitte Foundation. April 2017.
  8. Board Members listing. Archived 2009-03-09 at the Wayback Machine Charles Lafitte Foundation website.


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