17:41:47 EST Mon 04 Mar 2024
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SEC coming to Vancouver for chat with Stubos associates

2023-02-22 20:47 ET - Street Wire

Also Street Wire (U-PSON) Petrosonic Energy Inc

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by Mike Caswell

The U.S. Securities and Exchange Commission is coming to Vancouver with a list of people to interview as part of its case against Vancouver's George Stubos, including two linked to the operation run by West Vancouver's Frederick Sharp and one linked to jailed Canadian Morrie Tobin. The SEC says that Mr. Stubos was behind a $21.4-million scheme on the OTC Markets in which he secretly held large blocks of shares through offshore accounts. (All figures are in U.S. dollars.) He sold that stock amidst a $3.3-million paid promotion, the SEC claims.

As part of its case, the SEC is looking to speak with people and companies in Vancouver that it claims will have relevant evidence of Mr. Stubos's fraud. Those on the list include his bank and his accountant, as well as two people who provided what the SEC describes as more direct assistance. Full details of the list are contained in a request for judicial assistance that the SEC obtained on Tuesday, Feb. 21.

The Vancouverites that the SEC is looking to speak with include Katie Webster, a Vancouver woman who, according to the SEC, was involved with organizing and paying for promotions of two companies. She frequently communicated with Mr. Stubos during the scheme, the SEC says. The SEC also claims that Ms. Webster knows something about connections between Mr. Stubos and another Canadian of interest, Morrie Tobin. According to the SEC, Mr. Tobin raised money from private investors as part of the scheme.

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how bout the pot deals talking acreage, then permitted for monster acres, without caveats pot never grown to such a degree? and how bout those promoters saying "weed gonna be first $100 pot deal"? pot, soaked huge market wealth out of markets that deals like CTC with $15 billion in revenue trade 5 shares, TECK with spinouts and 4 billion in revenue can't break $100 and can't trade 10 million shares a day. cronies of foreign miners in regulators positions so their cronies can steal the mines.

Posted by oh at 2023-02-23 13:37

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