Quick Facts
Biography
Jeffrey A. Citron is the chairman of Vonage, a voice-over-IP phone company. He was previously affiliated with Datek Online, the fourth-largest online stock brokerage at the time of its merger with Ameritrade in September 2002.
Citron was the defendant in a civil enforcement action for securities fraud by the United States Securities and Exchange Commission (SEC) in 2003. Citron paid approximately $22.5 million of a $70 million settlement to be paid by all the defendants. The SEC said these fines were "among the largest penalty amounts the SEC has ever obtained from individuals." In February 2003, the SEC finalized the settlement, ordering that Citron was "barred from association with any broker or dealer."
In 1999, Citron and his wife Suzanne Lynn founded the Charles Lafitte Foundation (CLF), which has donated over $5 million to nonprofit organizations in the US. The President of CLF is Jennifer McCann Vertetis.