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by Mike Caswell

It appears that Colin Heatherington, the Vancouver Island man wanted by the FBI for an international market manipulation scheme, is a difficult person to find. Process servers attempting to track him down as part of an unrelated civil case have narrowed his location to addresses in Victoria and Port Alberni, but have yet to physically find him. Those who answered the door at the Port Alberni location said that he works "all over the island" or that he is "up North."

Prosecutors in California have been seeking Mr. Heatherington's arrest on charges stemming from the Absolute Capital Management Holdings Ltd. fraud. According to the government, he and others used hedge funds to manipulate several OTC Bulletin Board and pink sheets listings. They then allegedly dumped shares of those same companies, reaping millions in profits. Their actions resulted in hedge fund investors sustaining losses of $200-million, prosecutors contend. (All figures are in U.S. dollars.)

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