This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Ontario's Julius Csurgo has pleaded guilty to a criminal fraud charge in the United States arising from his part in a $35-million pump-and-dump scheme involving 19 companies. (All figures are in U.S. dollars.) Federal prosecutors in New York claim that Mr. Csurgo was part of a fraud involving associates working in Europe, the Bahamas and Canada that included co-ordinated promotional campaigns designed to boost companies he and the others controlled. Mr. Csurgo's role in the scheme included paying for the promotional campaigns and unloading shares, prosecutors say.

Mr. Csurgo entered the plea in an appearance on Wednesday, May 27, before a federal judge in New York. The charge to which he pleaded guilty is one count of securities fraud. The judge ordered that Mr. Csurgo remain detained until his sentencing, which the judge scheduled for Sept. 4, 2026. Mr. Csurgo has been in U.S. custody since Nov. 13, 2025.

Wednesday's plea comes as part of a larger prosecution that the U.S. Department of Justice has been pursuing against a group of Canadians and others, with that group including Vancouver's Ronald Bauer. He agreed to a voluntary extradition (after being arrested in the United Kingdom), pleaded guilty and received 20 months in jail. Also charged in the same investigation were B.C. residents Curtis Lehner and Courtney Vasseur, who remain wanted.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS