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by Mike Caswell

Ronald Bauer, the former Vancouver resident who pleaded guilty to a U.S. charge arising from a $75-million pump-and-dump scheme, has agreed to hand over several pieces of jewellery as part of his agreement with prosecutors. (All figures are in U.S. dollars.) The collection includes an 8.11-carat brilliant cut diamond ring by Stephen Webster along with other valuable pieces. The jewellery will partly satisfy a $4.3-million asset forfeiture order against Mr. Bauer.

The handover comes as part of a case in which prosecutors in New York claimed that Mr. Bauer and others manipulated multiple companies through boiler rooms and paid promotional campaigns, with the operation running for 14 years. According to the government, Mr. Bauer was the "primary strategist" in the scheme. There was no trial for Mr. Bauer, as he pleaded guilty to a charge of conspiracy to commit securities fraud.

Details of Mr. Bauer's jewellery are set out in a court order entered on Tuesday, March 25, and a prior order dated Nov. 4, 2024. The orders set out how Mr. Bauer has agreed to hand over the jewellery to satisfy at least part of his asset forfeiture obligation. The items that he will part with include several diamond rings, most by London jewellery designer Stephen Webster. Also on the list is a longchain necklace by French luxury jewellery company Van Cleef & Arpels. Another item is a ring containing a cushion-cut diamond weighing 7.17 carats and 38 round diamonds weighing a total of 0.70 carat.

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