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by Mike Caswell
The U.S. Securities and Exchange Commission has lost its effort to collect some of the proceeds from the Vancouver-linked pump-and-dump of Aureus Inc. in 2016. An appeal court has ruled that the SEC cannot collect money used to purchase a BMW worth $134,500 for the former wife of one of the defendants. (All figures are in U.S. dollars.) Although the former wife acknowledged that the money came from a stock market scheme, she had what the appeal judges deemed to be a "legitimate claim" to the vehicle.
The legal wrangling over the BMW comes as part of a case in which the SEC charged former San Diego lawyer Luis Carrillo for manipulating Aureus, a supposed gold explorer. According to the SEC, he and others, including B.C. resident Amar Bahadoorsingh, were behind a scheme to secretly unload millions of improperly issued shares during a promotional campaign. Mr. Carrillo's part in the scheme included hiring a boiler room in Colombia that boosted the stock as it went to a $1.66 high, the SEC said.
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The man obviously keeps his word. Lawyers in BC claim to help craft laws then can’t even follow the Law, nor do their “Officer of the Court” duty on another Lawyer and for that get a Judge position meanwhile the appointed Eby calling everyday sucking cock for a donation again after putting him in power with donations scumbags