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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil fraud charges against Vancouver's Aarif Jamani, citing him and others for a 2018 manipulation on the OTC Markets. The SEC claims that he and his associates secretly made $4.7-million unloading shares amidst a paid promotion of a company with a supposed device called the "Grow Box 5000." (All figures are in U.S. dollars.) Investors were bombarded with e-mails that proclaimed the company to be "perhaps THE HOTTEST INVESTMENT OPPORTUNITY" with an "upside of 489%."

The charges are contained in a civil complaint that the SEC released on Tuesday, Jan. 16, in the Southern District of New York. The complaint identifies Mr. Jamani, 56, as a resident of Burnaby. Also charged are Jonathan Farber, 57, of New York and Brian Keasberry, 60, of Las Vegas.

The SEC claims that the men were behind a scheme with County Line Energy Corp., the developer of a self-contained hydroponics system. The company's product, the Grow Box 5000, was designed to allow the automated cultivation of marijuana by home users. Prior to the events at issue, County Line was a thin trader.

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