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by Mike Caswell
Haydee Monge, the former wife of Vancouver-linked lawyer Luis Carrillo, has appealed a court order that the U.S. Securities and Exchange Commission won against her related to a scheme on the OTC Markets. The SEC said that Ms. Monge received the proceeds from a pump-and-dump, with those proceeds including a BMW worth $134,500. (All figures are in U.S. dollars.) The SEC did not accuse her of participating in the pump-and-dump, but said that gains from the scheme wound up in her possession.
The appeal comes as part of a case in which the SEC cited Mr. Carrillo, who has many Vancouver connections, for the promotion of a supposed gold explorer called Aureus Inc. in 2016. The SEC claimed that he and others, including B.C. resident Amar Bahadoorsingh, were behind a scheme to unload millions of improperly issued shares during a promotional campaign. Mr. Carrillo's part in the scheme included hiring a boiler room in Colombia that boosted the stock as it went to a $1.66 high, the SEC said.
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