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by Mike Caswell

Dwayne Bigelow, a Canadian stock promoter living in Florida, has been arrested and charged for the pump-and-dump of three U.S. listings. Prosecutors in New York claim that he and others ran a paid promotion campaign between 2009 and 2011. During the scheme they were able to dump millions of shares, grossing $9.4-million, according to the government. (All figures are in U.S. dollars.)

Authorities arrested Mr. Bigelow, 46, on the charges Tuesday. He appeared before a Florida judge on Friday morning, where he secured his release on a $100,000 appearance bond plus $10,000 in cash. The bond must be co-signed by his wife and his mother-in-law, with his conditions of release including a prohibition on trading and on obtaining any credit. He also must not go to the Canadian embassy to obtain travel documents, and is restricted to travel in Florida (where he lives) and New York (where the charges were filed).

TRULIA

Dwayne Bigelow's House

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