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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil fraud charges against Canadian Bobby Genovese for the 2012 manipulation of Liberty Silver Corp., then a Toronto Stock Exchange listing. The SEC claims that Mr. Genovese, 55, dumped $17.5-million worth of stock while failing to disclose that he owned 44 per cent of Liberty Silver. (All figures are in U.S. dollars.) The company went to a $1.55 high before the SEC halted it.

The allegations are contained in a civil complaint that the SEC filed on Aug. 1, 2017, in the Southern District of New York. The complaint mostly targets Mr. Genovese, a Canadian who lives in the Bahamas and has a residence in Florida. (His full name is Robert Donald Bruce Genovese.) Also a defendant is Mr. Genovese's Barbados company, BG Capital Group Ltd., and a former New York brokerage employee, Abraham "Avi" Mirman.

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Bobby Genovese

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