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by Mike Caswell

Kelowna's Phil Kueber, one of those charged in the manipulation of Cynk Technology Corp., has surrendered to U.S. authorities. He appeared before a judge in New York last week and has secured his release on a $150,000 appearance bond. (All figures are in U.S. dollars.) Terms of his release include an order that he must reside in New York.

The charges against Mr. Kueber stem from the manipulation of Cynk, a pink sheets listing that was briefly worth $4.5-billion in 2014. Prosecutors claim that he was part of a scheme to fraudulently boost the prices of Cynk and another company, Vision Plasma Systems Inc. He allegedly recruited friends and associates to serve as nominee shareholders for Cynk.

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Phil Kueber

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