SEC defendant Sharp fails to gain Supreme Court's ear
2026-06-25 18:25 ET - Street Wire
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by Mike Caswell
West Vancouver's Frederick Sharp has lost an appeal at the Supreme Court of Canada in which he complained about a fine that the U.S. Securities and Exchange Commission is seeking to collect in Canada. The SEC claims that Mr. Sharp helped with multiple pump-and-dump schemes run on the U.S. markets, allowing hidden insiders to unload millions of shares through offshore nominee accounts. The scheme generated gains that the SEC calculated to be $1-billion. (All figures are in U.S. dollars.)
The loss for Mr. Sharp is contained in a decision that the Supreme Court issued on Thursday, June 25. As is customary, the court did not issue any reasons for the decision. It simply stated that it would not hear the case (or, in legal speak, it denied his application for leave to appeal).
The appeal arose from efforts by the SEC to collect on a judgment that it won against Mr. Sharp in Boston on May 12, 2022. A U.S. federal judge ordered Mr. Sharp to disgorge $21.7-million in gains, and ordered him to pay a $23.9-million fine. The judge also permanently banned Mr. Sharp from penny stocks and entered an order barring future violations.
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Canadian 'mastermind' in Panama Papers is still a free man despite criminal charges
Fred Sharp facilitated a billion-dollar stock fraud, U.S. court found, but has yet to face trial
Zach Dubinsky · CBC News · Posted: Apr 27, 2026
One by one, the pins have been knocked out from under West Vancouver businessman Fred Sharp. He was ordered to pay the equivalent of more than $70 million to the U.S. government and $2 million to Quebec's securities regulator for his role in schemes to manipulate share prices. He's banned from stock markets in Canada. His bank and brokerage accounts were frozen and ordered to be seized. Known as the Canadian mastermind in the Panama Papers, Sharp has lost case after case in court.
But Sharp still has his freedom: Despite a push within the Canada Revenue Agency years ago to criminally investigate him, he's never been charged in Canada. And while the U.S. Justice Department indicted him two years ago for securities fraud and conspiracy, there is no public evidence of an effort to extradite him.
https://www.cbc.ca/news/business/fred-sharp-panama-papers-us-charges-9.7176288
Posted by halcrow at 2026-06-25 18:43
statistical odds are that a knigga or sandknigga will be a person's demise, very low odds, rather than being a victim of a stock scam (super low odds).
Posted by oh at 2026-06-26 09:20