Joshua Sason

Joshua Sason is an American entrepreneur, investor, and entertainment producer. He is the founder and chief executive officer of Magna, a global investment firm based in New York City.

Overview

Sason founded Magna, a New York-based investment firm, in 2009. 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. According to its website, the firm has invested more than $200 million in public equities since its inception in 2009.

Sason is a benefactor to community organizations near Long Island, New York. 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. 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. 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.

Filmography

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."<ref>"Death-Spiral Whiz Kid Joshua Sason Sued by SEC for Penny Stock Fraud". www.bloomberg.com. Retrieved 2019-03-04.</