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by Mike Caswell

Luniel deBeer, a Washington State man who allegedly participated in a $12.1-million pump-and-dump run from Surrey, B.C., denies any wrongdoing. (All figures are in U.S. dollars.) He claims that there is no evidence he knew anything about a scheme to dump shares of Tradeshow Marketing Company Ltd., a pink sheets company for which he served as president. The case against him is "laughable" and "far-fetched" he says.

Mr. deBeer is responding to a civil fraud case the SEC filed against him and a group of men from Surrey and Calgary. The SEC complained that the men promoted two pink sheets companies with spam, boiler rooms and misleading news. With Tradeshow, the stock went to $1.62 before falling to under a penny.

The SEC said that Mr. deBeer, as the president of Tradeshow, must have known about the scheme. Dozens of e-mails showed that he was reporting to and taking instructions from two Canadian brothers who ran the promotion, John Kirk and Benjamin Kirk. He also received $330,000 in kickbacks from the brothers, the SEC claimed.

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