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by Mike Caswell
Kolt Curry, the Canadian charged alongside Toronto's Sandy Winick as part of a massive international fraud scheme, will get to go home for Christmas. A New York judge has granted his request to return to Canada while he awaits sentencing. He is scheduled to appear before the judge again on Jan. 7, 2016, to receive that sentence.
Prosecutors claim that Mr. Curry, an Ontario resident, ran call centres as part of a scheme to swindle owners of worthless penny stocks. The centres defrauded those investors by inviting them to join non-existent class action lawsuits, among other things, and then requiring an advance fee to cover transaction costs. According to prosecutors, victims lost $20-million in this part of the scheme. (All figures are in U.S. dollars.)
Mr. Curry's return to Canada comes over two years after his August, 2013, arrest. He pleaded guilty to a charge of conspiracy to commit wire fraud on Oct. 7, 2013, and eventually secured his release from jail, with the judge granting Mr. Curry his freedom on May 19, 2015. Documents surrounding his release were sealed and redacted, but the terms of release did include a restriction on travel to the New York area.
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