The U.S. District Court for the Southern District of New York has issued final judgments in a stock fraud case involving former Cool Holdings Inc. chairman Andrew DeFrancesco and two other individuals. DeFrancesco, who founded SOL Global Investments Corp. (OTCPK: SOLCF) (NYSE:SOL) but resigned in April 2022, was found guilty of fraudulent filings and a pump-and-dump scheme. He has been ordered to pay over $3 million in disgorgement, prejudgment interest, and civil penalties, and is barred from serving as an officer or director of any public company.