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SEC target Gentile facing DOJ appeal

2017-03-08 10:34 ET - Street Wire

Also Street Wire (U-*SEC) U S Securities and Exchange Commission
Also Street Wire (U-KYUS) Kentucky USA Energy Inc
Also Street Wire (U-RVNG) Raven Gold Corp

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by Mike Caswell

Guy Gentile, the New York man who defeated criminal charges over the manipulation of a Vancouver OTC Bulletin Board company, is not yet free of the matter. Prosecutors in New Jersey have filed a notice of appeal for the court order that dismissed the charges. The notice comes just over a month after a judge threw the case out, finding that the government waited too long to indict Mr. Gentile.

The charges stemmed from the manipulation of Vancouver OTC-BB listing Raven Gold Corp. and that of another company, Kentucky USA Energy Corp. Prosecutors claimed that Mr. Gentile, 40, helped prepare misleading tout sheets that boosted Raven Gold to $1.73 in 2007. (All figures are in U.S. dollars.) He and others then sold millions of shares, with the scheme allegedly generating $15-million in illegal proceeds.

Guy Gentile
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Guy Gentile

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