Jeffrey A. Citron


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.

Biography

Citron was raised in Brooklyn, the son of Howard Citron. In the early 1990s, his father plead guilty to falsifying business records at a small New York securities firm that supported a stock-rigging scam costing investors millions.
Citron was the defendant in a civil enforcement action for securities fraud by the United States Securities and Exchange Commission in 2003. Citron paid approximately $22.5 million of a $70 million settlement across all 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 be "barred from association with any broker or dealer."
In 1999, Citron and his wife Suzanne Lynn founded the Charles Lafitte Foundation, which has donated over $5 million to nonprofit organizations in the United States.