02:43:44 EST Sun 03 Dec 2023
Enter Symbol
or Name

Login ID:

SEC receives appeal notice from Carrillo's ex-wife

2023-03-30 20:31 ET - Street Wire

Also Street Wire (U-ARSN) Aureus Inc

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

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.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.