This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Urban Casavant, known for the CMKM Diamonds Inc. promotion, has died in Saskatchewan, the company has reported. CMKM's new chief executive officer, Steve Kirkpatrick, disclosed the death on the company's website. Nobody at Mr. Casavant's home in Saskatchewan would speak to Stockwatch about the report (or anything else), but an article posted on the Las Vegas Review-Journal's website Thursday stated that U.S. authorities confirmed he had died. The date of death was Feb. 14, 2014. The company said he died as a result of complications from routine hernia surgery.

The report of Mr. Casavant's death comes as he faces criminal charges in the United States for the massive CMKM Diamonds promotion. Federal prosecutors in Las Vegas claim he and others dumped hundreds of billions of unregistered shares of the company, reaping $60-million in profits. (All figures are in U.S. dollars.) He and a U.K. citizen, John Edwards, were the scheme's masterminds, prosecutors said. Although many of his co-defendants were arrested and charged, U.S. authorities considered Mr. Casavant, 57, a fugitive.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS