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by Mike Caswell

Four of the nine men charged earlier this week in New York for a $131-million scheme headed by Canada's Richard St. Julien have pleaded not guilty. (All figures are in U.S. dollars.) The men entered the pleas in appearances before Magistrate Judge Viktor Pohorelsky. He released three of the four on $250,000 appearance bonds and one on a $500,000 appearance bond.

BROWARD SHERIFF

Richard St. Julien

Prosecutors claim that the men were part of a scheme that defrauded investors in a Nasdaq listing called Forcefield Energy Inc. The men helped Mr. St. Julien, the company's former chairman, as he arranged to pay secret kickbacks to brokers and others he had hired to bring in investors, the government says. Most investors suffered catastrophic losses after the U.S. Securities and Exchange Commission halted Forcefield on April 21, 2015, citing a possible manipulation in progress. The stock, which had a $7.54 high, became nearly worthless (and was last at 0.01 cent).

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