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by Mike Caswell

Michael Randles, the lone Canadian charged in the Moneyline Brokers pump-and-dump case in Virginia, has filed a motion challenging key recordings and e-mails that form part of the evidence against him. He says that the U.S. government obtained the information without a search warrant. An employee at Moneyline, who was not authorized to work on behalf of the government, activated an internal phone recording system and spirited away information to U.S. agents on a hard drive. The way the employee presented the information raises questions about whether it was improperly edited, Mr. Randles says.

The motion from Mr. Randles, 48, comes as he is just weeks away from trial. The charges stem from his time as a manager at Moneyline, a Costa Rican firm that carried out pump-and-dumps on the U.S. markets in 2009 and 2010. The firm aided promotional campaigns and anonymously sold shares through several U.S. brokerages on behalf of others, according to the government. 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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