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Bronson had "forfeited the 'good faith' defense long ago," judge Karas said, "based on his failure to honor his promise to make prior payments and based on his suspect testimony at the last hearing. So, he either makes the remainder of the payment he currently owes by noon on Jan. 19, 2022, or he will go to prison."
If Edward Bronson does not comply with court orders by Dec. 23 to pay back the $12.3 million he owes to the SEC, U.S. District Judge Kenneth Karas ruled, he "shall remain incarcerated until he complies with the orders of this court."
"The court's patience is at an end," Karas had stated in a Jan. 19 order, finding Bronson in contempt for flouting court orders for three years. He ordered Bronson to negotiate a payment plan with the SEC.