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by Mike Caswell

A New Jersey judge has sentenced Vancouver's Mitchell Adam to one year of supervised release, with no jail term, for planning the manipulation of pink sheets listing HBP Energy Corp. Mr. Adam, 47, received the sentence in a 30-minute appearance on Monday, Sept. 14, before Judge Jose Linares. In addition to the supervised release, the judge ordered Mr. Adam to refrain from the use of drugs and alcohol and to undergo mental health treatment.

The circumstances of Mr. Adam's sentence are far from clear. In a motion filed on Sept. 3, 2015, he sought a downward departure from whatever punishment the judge may have contemplated. (The maximum jail term was five years.) The motion is sealed, however, so the basis for his request is unknown.

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