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by Mike Caswell

The U.S. Securities and Exchange Commission says that Ontario's Julius Csurgo, one of three men charged for the pump-and-dump of Zenosense Inc., is ignoring the case. His deadline to answer the charges has come and gone, with Mr. Csurgo having done nothing. The regulator is seeking a court order that would hold him in default.

The request comes as part of a case in which the SEC claimed that Mr. Csurgo, 66, and others touted Zenosense as the developer of a supposed hand-held cardiac diagnostic device. According to the SEC, Mr. Csurgo paid for a three-month promotional campaign that boosted the stock to $3.50. (All figures are in U.S. dollars.) He and others then unloaded $7.9-million worth of stock, the SEC says.

The SEC's request is contained in a motion that the regulator filed in federal court in New York on July 1, 2022. The SEC says that it served Mr. Csurgo with the charges on April 20, 2022, after which he had 21 days to answer the charges or request an extension. He has done neither.

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