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by Mike Caswell

The U.S. Securities and Exchange Commission has filed a civil fraud case against Vancouver resident Douglas Roe, claiming that he was secretly behind a purported eco-tourism company that attempted to list in the United States. He enlisted a Jamaican resident to serve as the company's figurehead officer, the SEC claims. The company's filings allegedly failed to disclose the existence of Mr. Roe and other control persons or promoters (who the SEC has not identified).

The case against Mr. Roe is contained in a civil complaint that the SEC filed on Thursday, May 11, in the District of Maryland. The complaint identifies Mr. Roe as a resident of Vancouver with an address in the Shangri-La building. The SEC cites him over his attempt to obtain a U.S. listing for a company called Blue Mountain Eco Tours Inc.

The scheme, as described by the SEC, goes back to April 25, 2012, when Blue Mountain filed a Form S-1 registration statement. The statement sought to register the offer and sale of 3,041,000 shares at five cents. According to the SEC it did not disclose was that Mr. Roe was intimately involved with the company. Among other things, he had enlisted Blue Mountain's lawyer, accountant and auditor, the SEC claims. He controlled all communications with those professionals, the complaint states.

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