11:36:57 EDT Sat 13 Jul 2024
Enter Symbol
or Name

Login ID:

SEC says Sharp's offshore records authentic, admissible

2023-08-29 20:34 ET - Street Wire

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

The U.S. Securities and Exchange Commission says that offshore records maintained by West Vancouver's Frederick Sharp showing thousands of share transactions and secret communications should be admissible at the upcoming trial of his associates. The records show that Mr. Sharp and others were behind a seven-year international scheme to illegally sell millions of shares on the U.S. markets, the SEC contends. The authenticity of the records is supported by a sworn statement by a technician who set up Mr. Sharp's system.

The debate over the offshore records comes as part of a case in which the SEC claims that Mr. Sharp facilitated the illegal sale of as much as $1-billion worth of shares in several U.S. listings. (All figures are in U.S. dollars.) Mr. Sharp concealed share positions and ran a clandestine communications network, according to the SEC. His network allowed many others to run pump-and-dumps and secretly unload their shares, the SEC claims.

With the trial in the case approaching, one of the Vancouver-area defendants, Jackson Friesen, has been trying to have Mr. Sharp's offshore records declared inadmissable at trial. The SEC claims that Mr. Friesen was one of those who used Mr. Sharp's system, selling shares during a pump-and-dump on the OTC Markets. Mr. Friesen realized $9-million in gains from that pump-and-dump, the SEC says.

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

© 2024 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.

Nothing like Canadian prosecutors creating evidence and getting axs lickin judge to approve copies only allowed Hahaha Fry them biatches hahaha Best to use thst billion and higher them street people to do the job hahaga

Posted by Oh at 2023-08-30 00:56