SEC v Albert Saniger

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Case Information
Case name	Securities and Exchange Commission v. Albert Saniger Mantinan^[1]
Court	S.D.N.Y.^[1]^[2]
Docket	1:25-cv-02937-RA^[1]^[2]
Filed	April 9, 2025^[1]
Judge(s)	Ronnie Abrams^[2]
Plaintiffs	Securities and Exchange Commission^[1]
Defendants	Albert Saniger Mantinan^[1]
Case type	Civil consumer protection proceeding^[1]
Claims / issues	Securities fraud; alleged misrepresentations about Nate’s AI capabilities^[1]
Status	June 23, 2026: stay application granted and June 26 conference adjourned indefinitely. Later lifting of the stay not verified.^[2]

Securities and Exchange Commission v. Albert Saniger Mantinan is an SEC civil fraud case concerning representations about Nate’s shopping application.^[1]

Claims and procedural history

The SEC alleges that Saniger raised more than $42 million while describing Nate purchases as automated by AI, although contractors performed much of the order-processing work.^[1]

A June 23, 2026 endorsement grants the government’s application to stay the case in light of parallel criminal proceedings and adjourns the upcoming conference without a new date.^[2]

Related coverage

References

↑ ^1.00 ^1.01 ^1.02 ^1.03 ^1.04 ^1.05 ^1.06 ^1.07 ^1.08 ^1.09 SEC Litigation Release 26282, April 11, 2025
↑ ^2.0 ^2.1 ^2.2 ^2.3 ^2.4 Stay endorsement, June 23, 2026

[release-1] 1.00 ^1.01 ^1.02 ^1.03 ^1.04 ^1.05 ^1.06 ^1.07 ^1.08 ^1.09 SEC Litigation Release 26282, April 11, 2025

[stay-2] 2.0 ^2.1 ^2.2 ^2.3 ^2.4 Stay endorsement, June 23, 2026

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