U.S. Court Finalizes Judgment Against Florida Resident in $5 Million Investment Fraud Scheme

The U.S. District Court for the Eastern District of New York has entered a final consent judgment in the SEC’s civil case against Mina Tadrus, a Florida resident, concluding a multi‑year fraud investigation tied to his firm, Tadrus Capital.

According to the SEC’s complaint, filed in July 2023, Tadrus and his company, Tadrus Capital LLC, raised more than $5 million from at least 31 investors, who are members of the Egyptian Coptic Christian community. The SEC alleged that Tadrus claimed investor funds would be pooled and deployed through an algorithmic trading strategy that would generate guaranteed monthly investment returns.

However, these claims were false. The SEC said Tadrus failed to invest most of the money, instead using roughly $1.4 million to make Ponzi‑style payments to earlier investors and diverting more than $380,000 for his personal use.

The court previously issued a preliminary injunction in August 2023, freezing assets and imposing other emergency relief. On August 12, 2025, the court entered a bifurcated consent judgment permanently barring Tadrus from violating securities and investment‑adviser laws, prohibiting him from issuing or selling securities outside of his personal trading account, and imposing an officer‑and‑director bar.

Under the final judgment, Tadrus must pay $4,070,350 in disgorgement plus $72,100 in prejudgment interest. These amounts will be satisfied through the restitution order in the criminal case, United States v. Tadrus, and the court has ordered that frozen assets be transferred to the criminal court for restitution.