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by Mike Caswell

The U.S. Securities and Exchange Commission has brought its pursuit of Gregg Mulholland's $4.85-million (Canadian) West Vancouver home to the Supreme Court of British Columbia, filing a lawsuit against a private company that holds the property. The SEC says that the money used to buy the home is traceable to the 2008 pump-and-dump of Rudy Nutrition, a purported sports drink maker. As such, the regulator is asking that the B.C. courts grant it an interest in the property.

For Mr. Mulholland, the lawsuit comes as he is facing other serious legal problems. U.S. authorities arrested him on June 23 at the Phoenix International Airport on fraud charges. Prosecutors in New York claim that he participated in a $300-million scheme involving the widespread manipulation of several publicly traded companies. (All figures are in U.S. dollars.) He is presently in a New York jail awaiting trial on those charges.

ERICCHRISTIANSEN.COM

The Mulholland Residence

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