Tweet I’ve written before on the story of how a Vancouver public company’s main source of revenues was supplying the precursor drug which allowed Mexican drug cartels to cook crystal meth in underground factories in California, which started the crystal meth epidemic across the United States, and caused countless untimely deaths. As of 2021, 52,400 […]
Tweet YBM was Canada’s Wirecard 30 years ago. It remains one of the most surreal criminal cases 30 years ago this month, in February 1993, Russian organized crime leaders set a plan in motion to infiltrate Western capital markets, steal investor funds and launder money. The Russian organized crime group was the Solntsevskaya, and they […]
Tweet New charges levied against Dhillon and against his lawyer Three times a charm or a curse? A Vancouver doctor who allegedly partnered with the now-infamous Vancouver lawyer Frederick Sharp in an international microcap alleged fraud scheme (summarized here) – Avtar Singh Dhillon – was charged criminally by the US Government, the FBI announced yesterday. […]
Tweet New SEC charges A Vancouver doctor who allegedly partnered with Vancouver lawyer Frederick Sharp in an International microcap fraud scheme (summarized here) – Avtar Singh Dhillon – was charged by the Securities and Exchange Commission (“SEC“) again today. This time it involves a different public company and hits closer to home for Vancouver residents […]
Tweet Part 1 – Securities Fraud in Canada and l’affaire Uramin-Areva Voyager Digital “Asking Questions About Canadian Capital Markets” is a series of articles about the capital markets in which we explore some Canadian public companies and ask questions. These questions may shed light on the now-defunct Canadian digital currency exchange called Voyager Digital based […]
Tweet A mysterious man from Asia and the most famous round-tripping case In Part 1 of “Understanding round-tripping in the capital markets” (here), we discussed round-tripping and looked at a rare SEC enforcement action involving round-tripping by executives of a microcap public company. In this Part 2, we look at the most famous round-tripping case […]
Tweet SEC files rare round-tripping enforcement action against Canadian issuer We tend to think of round-tripping as tax evasion round-tripping tied to FDI, where investments are routed through a no tax jurisdiction before being reimported into the economy of origin as FDI. Mauritius comes to mind, because billions of dollars are round-tripped there every year, […]
Tweet The Securities and Exchange Commission (“SEC“) filed more cases in New York over Easter, targeting actors in the Canadian capital markets. The cases are for alleged pump and dump schemes. One of the two latest cases by the SEC charges Courtney Vasseur, a full-patch member of the Hells Angels in Vancouver, with securities fraud […]
Tweet The Securities and Exchange Commission (“SEC“) today filed a complaint in the Southern District of New York, charging eight defendants, half of whom are from Vancouver, with alleged securities fraud that allegedly generated US$145 million in proceeds of crime. In a parallel criminal proceeding over the same alleged scheme, the US government filed three […]
Tweet China’s influential newspaper Caixin, recently investigated the renewed use of high-frequency trading (HFT) in China’s futures market, operated by foreign companies that, it reports, are incorporated under fictitious corporate purposes. According to Caixin, some HFT firms are ostensibly registered to engage in the trading of physical goods in China, when in reality they are […]