Peter Scalise III and The3rdBevco filed with the SEC

The Securities and Exchange Commission has filed a civil action against Peter Scalise III and The3rdBevco, with allegations of violating securities laws. The case was brought forward in the Eastern District of Pennsylvania on June 17, 2025.

The SEC alleges that Peter Scalise III, acting on behalf of The3rdBevco, engaged in fraudulent activities related to securities offerings. The complaint states that Scalise misrepresented the company’s financial standing and failed to disclose material information to investors, including the use of investor funds for personal expenses.

According to the SEC, Scalise and The3rdBevco lured investors by making false claims about the company’s success and potential returns on investment. They allegedly used investor funds for purposes other than what was disclosed in offering materials, in violation of securities laws.

The complaint also accuses Scalise of manipulating the stock price of The3rdBevco through false and misleading statements to investors. This activity artificially inflated the company’s stock price, deceiving shareholders and potential investors.

The SEC is seeking financial penalties against Scalise and The3rdBevco, as well as injunctive relief to prevent further securities law violations. The Commission is committed to holding individuals and entities accountable for their actions in the securities market and protecting investors from fraud and deception.

This case serves as a reminder of the importance of transparency and honesty in securities offerings. Investors rely on accurate and complete information when making investment decisions, and it is illegal to mislead or deceive them for personal gain.

The SEC’s enforcement actions are crucial in maintaining the integrity of the securities market and ensuring that investors are protected from fraudulent schemes. By holding individuals and companies accountable for their actions, the Commission aims to promote fair and transparent practices in the financial industry.

Investors should always conduct thorough due diligence before investing in any security and be wary of promises of high returns with little risk. By being vigilant and informed, investors can protect themselves from falling victim to fraudulent schemes like the one alleged in the case of Peter Scalise III and The3rdBevco.

As the case progresses through the legal system, the SEC will continue to pursue enforcement actions against those who engage in fraudulent activities in the securities market. The Commission remains dedicated to upholding the integrity of the financial industry and protecting investors from deceptive practices.