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by Mike Caswell

U.K. national Trevor Page has agreed to plead guilty to criminal charges he faces in New York for a $12-million manipulation scheme run in part through Vancouver. (All figures are in U.S. dollars.) The government claimed that Mr. Page and his associates illegally sold shares in four companies on the OTC Markets from 2016 through 2019. They routed at least some of the trading through private entities controlled by Vancouverite Steve Bajic and another Canadian, Rajesh Taneja, according to the government.

A scheduling order filed on Tuesday, March 25, states that Mr. Page, who previously pleaded not guilty, is scheduled to change his plea at a hearing on April 11, 2025. There is no word on the terms of his guilty plea or on any sentence recommendation. His agreement with prosecutors, should it be made public, could be filed in court when he enters the plea.

Mr. Page's guilty plea is hardly good news for a second accused in the case, who prosecutors have not yet identified publicly. Plea agreements in the U.S. usually require a defendant to co-operate fully in the prosecution of others, with that co-operation sometimes extending to testifying at trial. This could require Mr. Page to provide information on his co-defendant. (That co-defendant's name is redacted in the indictment, but he looks to be an international traveller. Prosecutors describe him as having lived in the United Kingdom, Switzerland and Fiji.)

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