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SEC cites Canadian Bauer for $145M (U.S.) scheme

2022-04-14 20:35 ET - Street Wire

Also Street Wire (C-AHE) American Helium Inc (2)
Also Street Wire (U-NAMG) North American Oil & Gas Corp

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by Mike Caswell

On the eve of the Easter long weekend, the U.S. Securities and Exchange Commission has filed civil fraud charges against a ring of penny stock promoters, led by Vancouverite Ronald Bauer, over a $145-million pump-and-dump scheme. (All figures are in U.S. dollars.) The ring, which at times included former professional football player and since-disgraced Vancouver promoter David Sidoo, ran for 14 years on a "serial basis," the SEC says. The stocks included several U.S. listings and at least one TSX Venture Exchange listing.

The charges are contained in a civil complaint that the SEC filed on Thursday, April 14, in federal court in New York. Those named included Mr. Bauer, 47, a Canadian citizen living in the United Kingdom. Also named is Mr. Sidoo, 62, a former Vancouver broker and professional football player. The other Canadian defendants are Craig Auringer, 51, believed to reside in the U.K., and Adam Kambeitz, 47, who may be living in the Cayman Islands.

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for 14 years, and the coke, dope, drunks and their degree factories couldn't tell, revealing the competency, or few cuz in the institutions?

Posted by reality at 2022-04-16 11:01

still spying on north american citizens with the anonymous tips eh? but the judges and lawyers and those punks breaking the law all immune? u POS, next door knock u gone

Posted by assange at 2022-04-16 11:03

This'll surely attract the attention the CRA and Her Majesty's Revenue and Customs in the U.K.

Posted by halcrow at 2022-04-18 12:44

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