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Viosolar defendant Winsor pleads guilty

2014-12-17 11:24 ET - Street Wire

Also Street Wire (U-FCTO) FACT Corp

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by Mike Caswell

Caroline Winsor, the Calgary woman also known as Caroline Danforth, has pleaded guilty to criminal bribery charges in Pennsylvania. She attended a change of plea hearing on Monday, Dec. 15, the details of which are sealed. As she previously pleaded not guilty, a change of plea could only be to guilty.

Prosecutors claim that Ms. Winsor and another Canadian, Rick Walchuk, agreed to pay a kickback to have corrupt brokers buy shares of two pink sheets listings, Viosolar Inc. and FACT Corp. The pair allegedly sought to have the brokers buy millions of shares using the accounts of retail customers. Unfortunately for Ms. Winsor and Mr. Walchuk, the person who was arranging the buying was secretly co-operating with the FBI.

The circumstances of Ms. Winsor's change of plea are unclear, as all six documents connected with Monday's hearing are sealed. Her change of plea comes two weeks after her co-accused, Mr. Walchuk, also attended such a hearing. The details of his change of plea are sealed as well. It is possible both have agreed to provide prosecutors with something in return for a favourable sentence recommendation, but whatever that something may be, the details are not public.

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