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by Mike Caswell

The U.S. Securities and Exchange Commission has reached a $262,171 settlement with Vancouver's Bozidar "Bob" Vukovich for his role in a broker bribery scheme. (All figures are in U.S. dollars.) The SEC claimed that he paid kickbacks to have brokers buy $2-million worth of shares in an OTC Bulletin Board listing, Pantera Petroleum Inc.

The settlement is contained in a consent judgment filed on Dec. 9, 2011, in New York. Mr. Vukovich's fine includes a $130,000 civil penalty and disgorgement of $113,575 in ill-gotten gains, plus interest. He also agreed that the judge will determine whether a penny stock ban is appropriate and set the length of such a ban. In settling the case, Mr. Vukovich did not admit to any wrongdoing.

The deal with Mr. Vukovich comes six months after his co-defendant, former Pantera president Christopher Metcalf, also settled. He agreed to serve a ban and to pay fines that the judge will determine. He too did not admit to any wrongdoing.

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