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by Mike Caswell

With the Ignite International Brands Ltd. criminal trial approaching, prosecutors in Los Angeles have asked the judge to admit evidence of past schemes run by Paul Bilzerian, the St. Kitts man who is a defendant and potential witness. They say that Mr. Bilzerian, a former "corporate raider and convicted fraudster," has been actively dodging a $180-million judgment that the U.S. Securities and Exchange Commission previously won against him. (All figures are in U.S. dollars.) Among other things, they point to a "pattern of deception and financial maneuverings" in which Mr. Bilzerian has maintained control of his considerable wealth.

The request from prosecutors comes as Mr. Bilzerian and others await trial on charges that they manipulated the earnings of Ignite International, a former Canadian Securities Exchange listing. The government claims that Mr. Bilzerian, who had no official role with Ignite, caused the company to report $4.6-million in revenue that did not exist in the fourth quarter of 2020. The inflated revenue came as the stock went to $1.20 from 42 cents.

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