Litigation Releases (Tiffany Kelly and Curastory Inc.)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26441 / December 15, 2025

Securities and Exchange Commission v. Tiffany Kelly and Curastory Inc., No. 25-civ-6876 (E.D.N.Y. filed Dec. 15, 2025)

SEC Files Settled Action as to Curastory Inc. and CEO Tiffany Kelly for Alleged Offering Fraud

On December 15, 2025, the Securities and Exchange Commission filed a settled action as to Brooklyn-based Curastory Inc. and its founder and CEO, Tiffany Kelly, alleging that they engaged in an offering fraud in which they raised approximately $2.8 million from over 1,000 investors nationwide. Curastory and Kelly consented to the entry of a judgment without admitting or denying the SEC's allegations.

According to the SEC's complaint, from at least December 2020 through February 2024, Curastory and Kelly repeatedly misled investors about Curastory's revenue and projected financial performance, often telling investors that the company had earned hundreds of thousands, if not millions, of dollars in revenue, when it had actually generated little revenue during that period. The complaint further alleges that Kelly falsely told investors that Curastory had secured or lined up million-dollar investments, when it had not done so. Notably, the complaint also alleges that Kelly forged the signature of a prospective investor as part of a fraudulent scheme to depict Curastory as a successful and profitable company.

The SEC's complaint, filed in the U.S. District Court for the Eastern District of New York, charges Kelly and Curastory with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the allegations in the SEC's complaint, defendants have agreed to settle the SEC's charges, consenting to permanent injunctive relief for the charged provisions. Kelly has also agreed to pay a civil penalty of $125,000 and consented to a ten-year conduct-based injunction, prohibiting her from participating in the issuance, purchase, offer, or sale of any security, except for her own personal accounts, and a ten-year bar from serving as an officer or director of a public company. The settlement is subject to court approval.

The SEC's investigation was conducted by Katherine H. Stella, under the supervision of Stacy Bogert, with the assistance of Avron Elbaum, Daniel Ball, and James Connor.