Jeffrey A. Citron
Encyclopedia
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.
Citron was the defendant in a civil enforcement action for securities fraud
by the United States
Securities and Exchange Commission (SEC) in 2003. Citron paid approximately $22.5 million of a $70 million settlement to be paid by all the defendants. The SEC said these fines were "among the largest penalty amounts the SEC has ever obtained from individuals." In February 2003, the SEC finalized the settlement, ordering that Citron was "barred from association with any broker or dealer."
In 1999, Citron and his wife Suzanne Lynn founded the Charles Lafitte Foundation (CLF), which has donated over $5 million to nonprofit organizations in the US. The President of CLF is Jennifer McCann Vertetis.
Vonage
Vonage is a publicly held commercial voice over IP network and SIP company that provides telephone service via a broadband connection. The company's name is a play on their motto "Voice-Over-Net-AGE"....
, a voice-over-IP
Voice over IP
Voice over Internet Protocol is a family of technologies, methodologies, communication protocols, and transmission techniques for the delivery of voice communications and multimedia sessions over Internet Protocol networks, such as the Internet...
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.
Citron was the defendant in a civil enforcement action for securities fraud
Securities fraud
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws....
by the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
Securities and Exchange Commission (SEC) in 2003. Citron paid approximately $22.5 million of a $70 million settlement to be paid by all the defendants. The SEC said these fines were "among the largest penalty amounts the SEC has ever obtained from individuals." In February 2003, the SEC finalized the settlement, ordering that Citron was "barred from association with any broker or dealer."
In 1999, Citron and his wife Suzanne Lynn founded the Charles Lafitte Foundation (CLF), which has donated over $5 million to nonprofit organizations in the US. The President of CLF is Jennifer McCann Vertetis.