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SEC defendant Earle denies Upper Street charges

2023-05-25 20:25 ET - Street Wire

Also Street Wire (U-UPPR) Upper Street Marketing Inc

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by Mike Caswell

Joseph Earle, one of those charged alongside Vancouver's Barry Reagh for the 2019 pump-and-dump of a supposed cannabis listing on the OTC Markets, denies that he did anything wrong. The SEC claims that he was part of a group that carried out a paid promotion of Upper Street Marketing Inc., with the men realizing $1-million in proceeds from the scheme. (All figures are in U.S. dollars.) Mr. Earle, a former broker, served as the company's chief executive officer.

The denials from Mr. Earle are contained in an answer filed on Thursday, May 25, in federal court in San Diego. The answer contains few details, with Mr. Earle stating in response to most of the allegations that he is "without knowledge or information sufficient to form a belief as to the truth" of the allegation. As with most defendants, he admits to some things not likely to be controversial, such as his age and residence. (He is 68 and lives in Missouri.) While he has little else to say right now, Mr. Earle does reserve the right to "amend and supplement" his defence as new information comes to light.

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