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by Mike Caswell

The U.S. Securities and Exchange Commission has filed a case in the Supreme Court of British Columbia seeking to collect $1.12-million in unpaid judgments levied against Vancouver's Doug Roe for the Sandy Steele Unlimited Inc. scheme from 2020. (All figures are in U.S. dollars.) The SEC says that Mr. Roe has yet to pay the judgments, which arose from the promotion of Sandy Steele as a supposed maker of face masks in the early days of COVID-19. Among other things, he participated in the issuance of millions of tradable shares based on a fake cheque, the SEC claimed.

The request from the SEC is contained in a notice of claim that it filed at the Vancouver courthouse on Friday, Nov. 15. The regulator is seeking a court order in B.C. that would enforce judgments handed down in Boston against Mr. Roe and Atlantean Management Corp., a private entity that he controls. Mr. Roe previously agreed to pay the money as part of a negotiated settlement, in which he did not admit to any wrongdoing.

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