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by Mike Caswell
Daniel Mark Ferris, a U.K. man accused of acting as a figurehead officer or director as part of a scheme led by Vancouverite Ronald Bauer, has pleaded not guilty to criminal charges. The government claims that Mr. Ferris, 40, participated in frauds that generated $72.7-million in proceeds. (All figures are in U.S. dollars.) Among other things, he allegedly arranged for transactions that placed millions of tradable shares in offshore platforms.
Mr. Ferris entered the plea in an appearance before a federal judge in New York on June 28, 2022. The judge allowed him to go free on a $1-million bond, secured by $175,000 in cash, with $100,000 of the money to be supplied by two people other than Mr. Ferris. Other conditions include the surrender of his passport, location monitoring and a curfew. Mr. Ferris must also obtain government approval for any financial transactions that exceed $50,000 in value.
The plea from Mr. Ferris comes with his Canadian co-accused, including Mr. Bauer, yet to appear before a U.S. judge. Authorities arrested Mr. Bauer in the U.K., and the U.S. is seeking his extradition. Still wanted is another Canadian, Craig Auringer, last known to reside in the U.K.
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