22:51:55 EDT Wed 22 May 2019
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SEC charges jailed lawyer Dalmy, again

2019-03-15 10:11 ET - Street Wire

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by Mike Caswell

Vancouver-linked securities lawyer Diane Dalmy, serving five years in jail for fraud, is the subject of yet another case filed by the U.S. Securities and Exchange Commission. The SEC claims that Ms. Dalmy, 64, fraudulently issued legal opinion letters for at least 25 companies in 2015 and 2016, with those letters allowing others to obtain tradable shares. The SEC, which previously barred Mr. Dalmy from practising securities law, is seeking an even more extensive court-ordered ban.

The case comes with the SEC having previously pursued Ms. Dalmy for a scheme that included since-disbarred Vancouver lawyer John Briner. The SEC said that she wrote opinion letters in support of an effort by Mr. Briner at listing 20 purported mining companies. Mr. Briner had attempted to create the companies as shells by using sham property deals and nominee officers. On Sept. 18, 2015, she received a $680,000 fine for her part in Mr. Briner's scheme. In addition, the SEC imposed an order that barred her from practising before the commission, meaning she could no longer write the legal opinion letters. (All figures are in U.S. dollars.)

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You Go Girl

Posted by joey at 2019-03-15 11:47