Joshua Sason

Joshua Sason is an American entrepreneur, investor, and entertainment producer.[1][2][3] He is the founder and Chief Executive Officer of Magna, a global investment firm based in New York City.[4][5]

Joshua Sason
Born
Plainview, New York, U.S.
CitizenshipUnited States
OccupationFounder & CEO of Magna

Overview

Sason founded Magna, a New York based investment firm, in 2009.[6] The firm now operates three investment platforms – Magna Equities, Magna Ventures, and Magna Entertainment – focused on direct investments into public companies, private ventures, and entertainment productions and businesses, respectively.[7] According to its website, the firm has invested more than $200 million in public equities since its inception in 2009.[8]

Sason is a benefactor to community organizations near Long Island, New York.[9] On June 16, 2014, Sason was honored at the Mid-Island Y Jewish Community Center's 13th Annual Golf Outing at Glen Head Country Club in Glen Head, New York.[10] Sason is the executive producer of three feature films. His most recent production was The 50 Year Argument, a feature documentary co-directed by Martin Scorsese.[2][11] Sason is the executive producer of Bleed for This, a film based on the true story of world-champion boxer Vinny Pazienza, which began production in November 2014.[12][13][14][15]

Al Berg (left), CEO of Marchon Eyewear and Vice President of the MIY JCC's Board of Directors, presented Sason with a handcrafted Tzedakah box in honor of his key role in the continued success and growth of the organization.

Filmography
From the left: Bleed for This producer Emma Tillinger Koskoff, producer/Verdi Productions president Chad A. Verdi, executive producer Martin Scorsese, executive producer Sason, producer Bruce Cohen
TitleRoleStatusYear
Bleed for ThisExecutive producerCompleted2015
Almost MercyExecutive producerPost-production2015
Opposite SexExecutive producerCompleted2014
The 50 Year ArgumentExecutive producerCompleted2014


2019 SEC Investigation

On February 15, 2019, the U.S. Securities and Exchange Commission began a court case in the United States district court Southern district of New York in which it was alleged that Sason, the Magna Group and others took part in schemes to illegally obtain shares from two companies. Sason’s lawyers denied the charges stating, "The SEC’s claims against Magna and its founder, Josh Sason, are without any factual or legal basis...While these unfounded claims should never have been filed, Magna and Mr. Sason will vigorously contest them in court, and are confident they will prevail." [16][17]

On January 15, 2020, in a ruling on a Motion to Dismiss, the Judge categorically dismissed all fraud charges against Sason.[18]

gollark: Anyway, if you have C++/Java knowledge it shouldn't be *too* hard, the concepts mostly transfer.
gollark: Though I would disagree and say that there are quite a lot of dumb ones.
gollark: It's generally a good idea to ask questions, yes.
gollark: I write code then fill in use-impaired comments later.
gollark: Do wireless cards still support wired networks?

References
  1. "BusinessWeek". Investing.businessweek.com. Retrieved 4 November 2014.
  2. "Joshua Sason". IMDb. Retrieved 31 October 2014.
  3. Molly Smith, C. "Casting Net: Chris Hemsworth to star in, produce movie about Hank Williams' ghost". Entertainment Weekly. Entertainment Weekly. Retrieved 7 November 2014.
  4. "Founder and CEO Joshua Sason". Magna. Retrieved 31 October 2014.
  5. "Tungsten Corp. Completes Financing With Magna Group". MarketWired.com. Tungsten Corporation. Retrieved 7 November 2014.
  6. "Sanwire Corporation Signs $7,500,000 Equity Financing Agreement With Institutional Investor Magna Group". Market Wired. Retrieved 5 November 2014.
  7. "Where we invest". Magna. Retrieved 5 November 2014.
  8. "Magna homepage". Magna. Retrieved 4 November 2014.
  9. Mosco, Steve. "Local Man Gives Back In Plainview". PlainviewOldBethpage Herald. Archived from the original on 4 November 2014. Retrieved 31 October 2014.
  10. "Mid-Island Y JCC's 13th Annual Golf Outing Honoring Joshua A. Sason, Founder & CEO, Magna Group" (PDF). Archived from the original (PDF) on 5 November 2014. Retrieved 5 November 2014.
  11. Foundas, Scott. "The 50 Year Argument". Variety. Retrieved 31 October 2014.
  12. "'Game of Thrones' Actor Ciaran Hinds Joins Miles Teller in 'Bleed for This' (Exclusive)". The Hollywood Reporter. Retrieved 4 November 2014.
  13. "About Us". Verdi Films. Archived from the original on November 5, 2014. Retrieved 4 November 2014.
  14. "RI Producer Chad A. Verdi Brings Hollywood to RI With His Next Film, Bleed for This" (Press release). Verdi Productions. Retrieved 7 November 2014 – via PR Newswire.
  15. "Verdi Productions featured film, BLEED FOR THIS begins principal photography today Monday, November 10, 2014". InvestorIdeas.com. Verdi Productions. Retrieved 11 November 2014.
  16. "Case against Sason, the Magna Group and others" (PDF).
  17. "Death-Spiral Whiz Kid Joshua Sason Sued by SEC for Penny Stock Fraud". www.bloomberg.com. Retrieved 2019-03-04.
  18. "Traders to Face Some SEC Fake Registration Exemptions Claims".
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