Skip to main content    

Company Filings

U.S. Securities and Exchange Commission

                        -  About                            -  Careers 
                          -  Commissioners 
                          -  Contact 
                          -  Reports and Publications 
                          -  Securities Laws 
                          -  Mission 
                          -  Commission Votes 
                        -  Divisions & Offices                            -  Corporation Finance 
                          -  Enforcement 
                          -  Investment Management 
                          -  Economic and Risk Analysis 
                          -  Trading and Markets 
                          -  Office of Administrative Law Judges 
                          -  Examinations 
                        -  Enforcement                            -  Litigation Releases 
                          -  Administrative Proceedings 
                          -  Opinions and Adjudicatory Orders 
                          -  Accounting and Auditing 
                          -  Trading Suspensions 
                          -  How Investigations Work 
                          -  Receiverships 
                          -  Information for Harmed Investors 
                        -  Regulation                            -  Rulemaking Activity 
                          -  Proposed Rules 
                          -  Final Rules 
                          -  Interim Final Temporary Rules 
                          -  Other Orders and Notices 
                          -  Self-Regulatory Organizations 
                          -  Staff Interpretations 
                        -  Education                            -  Investor Education 
                          -  Glossaries 
                          -  Small Business Capital Raising 
                        -  Filings                            -  EDGAR – Search & Access 
                          -  EDGAR – Information for Filers 
                          -  Company Filing Search 
                          -  How to Search EDGAR 
                          -  Forms List 
                          -  About EDGAR 
                        -  News                            -  Press Releases 
                          -  Speeches and Statements 
                          -  Securities Topics 
                          -  Upcoming Events 
                          -  Webcasts 
                          -  SEC Videos 
                          -  Media Gallery 

                -  U.S. Securities and Exchange Commission                    -  Divisions & Offices 
                  -  Enforcement 
                  -  Regulation 
                  -  Education 
                  -  Filings 
                  -  Newsroom 
                -  Newsroom                    -  Press Releases 
                  -  Testimony 
                -  RSS Feeds                    -  Press Releases 
                  -  Public Statements 
                  -  Speeches 
                  -  Testimony 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

## Enforcement

-  Enforcement 
-  About 
-  Enforcement Manual 
-  Public Alerts 
-  Federal Court Actions 
-  Administrative Proceedings 
-  ALJ Orders 
-  ALJ Decisions 
-  Commission Opinions 
-  Trading Suspensions 
-  Information for Harmed Investors 
-  Enforcement Cooperation Program 
-  Foreign Corrupt Practices Act (FCPA) 
-  Tips & Complaints 
-  Data Delivery Standards 
-  Divisions and Offices 

# 

# SEC v. Aronson, et al.  Case No: 1:11-cv-7033-JSR (S.D.N.Y.)  

                            Oct. 6, 2022                       

On October 6, 2011, the Commission filed a complaint (the “Permapave Complaint”) against Eric J. Aronson (“Aronson”), Vincent J. Buonauro, Jr. (“Buonauro”), Robert S. Kondratick (“Kondratick”), Frederic H. Aaron (“Aaron”), PermaPave Industries, LLC (“PermaPave”), PermaPave USA Corp., PermaPave Distributions, Inc., Permeable Solutions, Inc., Verigreen, LLC, and Interlink-US-Network, Ltd. (“Interlink”) (collectively, the “Defendants”); and certain relief defendants (“Relief Defendants”). In the Permapave Complaint, the Commission alleged that, from 2006 to 2010, PermaPave and its affiliates raised more than $26 million from the sale of promissory notes and "use of funds" agreements to over 140 investors. The Commission further alleged that Aronson, Buonauro, and others told investors that there was a tremendous demand for the product - permeable paving stones - and that investors would be repaid from the profits generated by guaranteed product sales. In reality, there was little demand for the product, and Defendants used investors' money to make "interest" and "profit" payments to earlier investors and to fund management's lavish lifestyles. The Commission alleged that, shortly after an affiliate of PermaPave Industries acquired a majority stake in Interlink, Aronson, Aaron - who was the attorney for Aronson and the entity defendants and also an officer and director for several of the entity defendants - and others issued a press release stating that a company that had never heard of Interlink intended to invest $6 million in Interlink. See Complaint.

This action has since been resolved against all of the Defendants and Relief Defendants and the Commission and the U.S. Treasury holds approximately $46,000 in collections in the current matter pending a determination as to whether to propose to the Court a plan to distribute collections to harmed investors.

On October 8, 2021, the Commission notified investors by mail regarding a possible distribution in this matter (the “Notice”). The Notice references Exhibit 8 to the Declaration of Desiree M.C. Marmita in Support of Plaintiff’s Motion for Summary Judgment Against Defendants Eric Aronson and Fredric Aaron and Relief Defendant Caroline Aronson (ECF No. 100-8), which is available here. 

On March 29, 2024, the Commission filed a Notice of Motion for an Order Reopening Case, Recovering and Reclassifying Funds; and Directing Transfer of the Distribution Fund to a Related Criminal Action for Distribution, which is available here.  By the motion, the Commission seeks to send collected funds to the restitution fund in U.S. v. Aronson, et al., 12-cr-00245-ADS-GRB (E.D.N.Y.) for distribution pursuant to the restitution process in that action.

For more information, please contact the Commission:

Office of DistributionsEmail: ENFOfficeofDistributions@sec.gov

SOCIAL MEDIA1Twitter 2Facebook2Instagram3RSS4YouTube6LinkedIn8Email Updates

## About The SEC

-  Budget & Performance 
-  Careers 
-  Commission Votes 
-  Contact 
-  Contracts 
-  Data Resources 

## Transparency

-  Accessibility & Disability 
-  FOIA 
-  Inspector General 
-  No FEAR Act & EEO Data 
-  Ombuds 
-  Whistleblower Protection 

## Websites

-  Investor.gov 
-  Related Sites 
-  USA.gov 

## Site Information

-  Plain Writing 
-  Privacy & Security 
-  Site Map 

**Return to Top