Tweet The US Securities and Exchange Commission (“SEC“) temporarily halted the trading of shares of an issuer called Bioelife Corp. over concerns about the accuracy of its claims, and claims of stock promoters, that it has developed coronavirus protective products, and over potentially manipulative trading activity. Bioelife is a shell, according to its website. It […]
Tweet The US Securities and Exchange Commission (the “SEC“) filed a complaint in Texas on March 16, 2020, against Robert Dunlap, Nicole Bowdler, the girlfriend of Dunlap, and a former Washington State Senator, David Schmidt, in connection with a digital currency they launched called Meta 1 coin (the “MetaCoin“) which raised US$4 million from the […]
Tweet For a few years, Canada was harboring two alleged fraudsters who were wanted in the US, and no one seemed to know much about it except US law enforcement – one was returned two weeks ago and the other was extradited from Canada in November. The first, Ahmed Naqvi, who appears to be Canadian, […]
Tweet Biozoom boy found in Ibiza The alleged mastermind behind the alleged pump and dump securities fraud case involving Biozoom, Francisco Abellan Villena, has been located in Ibiza, the playground for billionaires. Villena is currently incarcerated in Ibiza, perhaps on an extradition warrant from the US. He was located by an investigator in Spain hired […]
Tweet The CSA guidance The Canadian securities commissions, through the Canadian Securities Administrators (the “CSA“), issued guidance on digital currencies and digital currency exchanges in Canada, the impact of which fundamentally changes the legal landscape for digital currency exchanges and puts the vast majority of them under the supervision of provincial securities commissions. The securities […]
Tweet The brother A criminal complaint filed in the Southern District of New York and deposed by a special agent of the FBI against Konstantin Ignatov, an executive who helped operate a digital currency company called OneCoin and a digital currency exchange, sheds some light on the murky world of OneCoin. The money From 2014 […]
Tweet The British Columbia Securities Commission has issued a warning about the purchase of virtual shares of a company tied to app games that are being marketed to investors who speak Mandarin in the Vancouver area. Virtual shares are not based on any corporate assets and the shares are only capable of being subscribed to […]
Tweet SEC Settlement A New Jersey lawyer, Gregg Jaclin, entered into a settlement agreement (available from the SEC online here) with the US Securities and Exchange Commission (“SEC“) earlier this fall in respect of several allegations, including over the practice of the creation and resale of shell companies. The settlement states that two defendants ran […]
Tweet The SEC and the US DoJ have both charged another lawyer, Jan D. Atlas from Florida, in connection with issuing closing opinions that allegedly contained false information in connection with the raising of more than US$322 million from 3,600 investors in a company called 1 Global Capital LLC. In May 2016 and in August 2016, as […]
Tweet Bridgemark and Blockchain Two Canadian Blockchain companies based in Vancouver, BLOK Technologies Inc. (“Blok“) and Cryptobloc Technologies Corp. (“Cryptobloc“) have been caught up as part of the so-called Bridgemark scandal affecting Vancouver’s capital markets. The Bridgemark situation started in November 2018, when the Executive Director of the BC Securities Commission announced that he had […]