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

Paul Bilzerian, the St. Kitts resident charged in the United States for manipulating the income of former Canadian Securities Exchange listing Ignite International Brands Ltd., has asked the judge to dismiss the charges for violations of his right to a speedy trial. The government claims that Mr. Bilzerian, who had no official role with Ignite, caused the company to report $4.6-million in revenue that did not exist in the fourth quarter of 2020. (All figures are in U.S. dollars.) The inflated revenue came as the stock went to $1.20 from 42 cents.

Mr. Bilzerian's request is contained in a motion filed in federal court in Los Angeles on Nov. 14, 2025. It comes over one year after prosecutors charged him, and also comes with U.S. authorities yet to take him into custody on those charges. (His arrest would not be a simple matter as he lives outside of the U.S., on the Caribbean island of St. Kitts.)

In his motion, Mr. Bilzerian says that prosecutors have failed to honour his "constitutional and statutory speedy trial rights in this criminal case." According to his motion, he has been openly living at the same address since the charges were filed, an address that is readily available to prosecutors. He points out that the U.S. Securities and Exchange Commission served him with a parallel civil action with no difficulty, but criminal prosecutors have done nothing to pursue him.

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