The Accountability GapWho the enforcement spotlight found, and who it missed

One online-marketing economy. Two decades of enforcement against a Baltimore publishing network. The only person criminally convicted across the Agora-network matters in this file was a marketing employee. Pick any door below, each one is a different way into the same sourced record.

1. The only person criminally convicted across the Agora-network matters in this file. The plea record refers to four co-conspirators; they are not named in the public record, and this file is not aware of charges against them.
2. FTC order: defendants neither admit nor deny the allegations; SEC: contested court judgment after trial; Oregon release: states no admission. In Australia, Port Phillip Publishing and its former director admitted the promotion's statements were misleading (ASIC 19-235MR).
3. The dated case entries in the chronology on The Record: SEC v. Agora, Pirate Investor and Stansberry (2003 to 2009; judgment of about $1.55 million against the subsidiary and its editor, parent not liable); FTC v. MOBE (2018 to 2022, including the 2020 affiliate orders); ASIC v Port Phillip Publishing (2018 to 2019); FTC v. Agora Financial (2019 to 2021); United States v. Arrington (2019 to 2025); Oregon and Pennsylvania attorneys general and Money Map Press (2020; Oregon's announced settlement, $141,499); Baltimore v. The Agora Companies (2026, pending).