- Permanent injunctions prohibiting the defendants from future securities law violations
- Disgorgement and prejudgment interest from Lopez and Mehr for all ill-gotten gains
- Civil monetary penalties against all three defendants
- Officer-and-director bars permanently prohibiting all defendants from serving as officers or directors of public companies
The case will proceed in the U.S. District Court for the Southern District of Florida before a judge yet to be assigned. The docket number is 1:25-cv-24356.
If the SEC prevails, Lopez and Mehr could face substantial financial judgments. Civil penalties for securities fraud can reach millions of dollars per violation, and disgorgement orders would require them to return misappropriated funds plus interest. The officer-and-director bars would effectively end any future involvement in publicly traded companies.
Settlement discussions are possible at any stage, though the scope of the alleged fraud—spanning multiple years, hundreds of investors, and more than $100 million—makes an early resolution less likely. The SEC may also refer the matter to the U.S. Department of Justice for potential criminal prosecution, though no criminal charges have been announced.
Discovery in the civil case will likely focus on bank records, investor communications, internal financial statements, and testimony from REV employees and investors. The SEC has already obtained extensive documentation, as evidenced by the detailed financial allegations in the complaint.
Trial, if the case proceeds that far, would likely occur in 2026 or later given the complexity of the allegations and the volume of potential evidence and witnesses.
