Welcome to the Harrison Katzen Fair Fund Website

SEC v Harrison Katzen, No. 1:16-cv-06606-BMC

This Distribution Plan provides for distribution of funds collected in the above-captioned matter to compensate investors harmed by the purchase of debt bonds issued by Altmark Holdings Ltd. and equity securities issued by PDK Portfolio (XIX) Ltd. (collectively, the “Securities”) during the period May 1, 2012, through April 30, 2013.

According to the Complaint, from at least 2012 to mid-2013, the Defendant violated the antifraud provisions of the federal securities laws by participating in schemes to offer and sell sham securities to investors. The schemes entailed offering and selling securities through a web of phony websites, internet advertisements, and an aggressive cold calling campaign promising investors low risk and high rates of return.

Harrison Katzen has paid, as ordered, a total of $349,900.

The Order also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty paid, along with the disgorgement and interest paid, could be distributed to those harmed by the Respondent’s conduct described in the Order.

Eligible Investor’s Participation Options for this Fair Fund

Distribution Notices and Substitute Form W-9s were mailed to known Eligible Investors on October 4, 2023.

Complete details regarding participation in this Fair Fund are contained in the Distribution Notice and Distribution Plan.

If you are an Eligible Claimant, in order to receive a payment from the Distribution Fund:

• if you have no Dispute as to your Recognized Loss Amount, you must submit the Substitute Form W-9 so that it is postmarked no later than 90 days from the date of the Notice.
• if you have a Dispute as to your Recognized Loss Amount, you must complete the Substitute Form W-9 and write to the Fund Administrator detailing the reasons for your objection and return it so that it is postmarked no later than 90 days from the date of the Notice.

Substitute Form W-9s and supporting documentation (if any) may also be uploaded using the Fund Administrator’s secure upload system (button):