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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil charges over a market manipulation run through Moneyline Brokers, the offshore firm managed by indicted Canadian Michael Randles. The SEC claims that a group used Moneyline to sell shares of a purported on-line training company called Warrior Girl Corp. They did so as the company made grandiose claims that its business could generate up to $245-million in revenue. (All figures are in U.S. dollars.)

The allegations are an offshoot of a case that the SEC and Virginia prosecutors have been pursuing against Mr. Randles and others over Moneyline's activities. The government claims that Moneyline facilitated manipulative activity by allowing clients to anonymously sell shares on the U.S. markets. Besides Warrior Girl, the stocks in the scheme were Bryn Resources Inc. (a Toronto company that claimed to be exploring for gold in Nova Scotia) and Everock Inc. (a subpenny mining company that was once domiciled in Ontario).

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