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by Mike Caswell

Roger Coleman, one of the defendants in the Moneyline Brokers pump-and-dump case, has pleaded guilty, admitting to his role in the manipulations of two Canadian-linked companies. He entered the plea in a 20-minute appearance on Friday morning in Virginia, before District Court Judge Anthony Trenga. The judge accepted his plea, and scheduled him to be sentenced on April 22, 2016.

Prosecutors claimed that Mr. Coleman, 79, was associated with Moneyline Brokers, an offshore entity run by a California man named Harold Gallison Jr. and managed by a Canadian named Michael Randles. The group ran promotional campaigns and anonymously sold $6.5-million worth of stock through several U.S. brokerages on behalf of others, according to the government. (All figures are in U.S. dollars.) The stocks in the scheme included Everock Inc., a subpenny mining company that was once domiciled in Ontario, and Bryn Resources Inc., a Toronto company that claimed to be exploring for gold in Nova Scotia.

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