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by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil charges against Vancouver's Dan Clozza and others for fraudulently manipulating Forum National Investments Ltd., a purported travel company that owned a 170-foot yacht. The SEC claims that Mr. Clozza set up a misleading on-line touting campaign that boosted the company to $1.90. (All figures are in U.S. dollars.) During the campaign his relatives and associates sold over one million shares, the SEC claims.

The allegations are contained in a civil complaint the SEC filed against Mr. Clozza and others on Tuesday, Nov. 18, in the Central District of California. The complaint identifies Mr. Clozza, 54, as Forum's president and one of its largest shareholders. The other defendants are Robert Dunn, 35, of Abbotsford, who allegedly helped organize and pay for the touting campaign. Also named are two on-line touts: William Anguka, 28, of California; and Ahmad Ghaznawi, 28, of Nebraska.

CANADA.COM

Dan Clozza

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