Masanotti faces eight counts of wire fraud, 11 counts of making illegal monetary transactions, one count of making false statements and one count of falsification of records in a federal investigation.
The SEC declined to comment. Counsel for Masanotti did not immediately respond to requests for comment Wednesday.
The SEC is represented in-house by Rua M. Kelly, Alfred A. Day, William J. Donahue and Alexandra B. Lavin.
Masanotti, Ferrara and Middlesex Mortgage are represented by Juan M. Marcelino.
The case is Securities and Exchange Commission v. Masanotti et al., case number 3:23-cv-01481, in the U.S. District Court for the District of Connecticut.
