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by Mike Caswell

The U.S. Securities and Exchange Commission has once again come to the Supreme Court of British Columbia seeking title to a multimillion-dollar property owned by Gregg Mulholland, the West Vancouver resident awaiting trial in the United States for a $300-million (U.S.) scheme. The SEC is asking for a piece of land in Whistler that the regulator claims belongs to Mr. Mulholland. The property is in the name of a holding company, but the SEC says that company is simply a "cloak for fraud."

The allegations are contained in an amended notice of claim that the SEC filed at the Vancouver courthouse on Feb. 17, 2016. The regulator is asking for the court's help to collect a Nevada judgment stemming from an OTC Bulletin Board scheme. That judgment ordered Mr. Mulholland to disgorge $2.4-million (U.S.) in gains plus $474,811 (U.S.) in interest for the pump-and-dump of a company called Rudy Nutrition. Instead of paying, Mr. Mulholland has done his best to place his assets beyond the SEC's reach, the suit states.

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