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SEC defendants Mikula, Fernandez plead guilty

2024-04-08 20:38 ET - Street Wire

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by Mike Caswell

Jonathan Mikula and Christian Fernandez, two men accused of running a scheme to promote a Vancouver company as "Curing Incurable Diseases and Giving Us Over 4,900% Potential Gains," have pleaded guilty to criminal charges in California. The government claims that the men were part of the promotion of Emerald Health Pharmaceuticals Inc., a company associated with Vancouver's Avtar Dhillon. The group accepted $4.2-million in undisclosed payments from insiders to boost Emerald Health and other companies. (All figures are in U.S. dollars.)

Mr. Mikula and Mr. Fernandez entered the guilty pleas in appearances on March 12 and March 26, 2024. The charge to which the men pleaded guilty is conspiracy to tout securities for undisclosed compensation, which carries a maximum sentence of five years. The men, who both reside in Georgia, remain free on a prior bond order.

The guilty pleas come over two months after the government charged the men, filing a criminal information sheet on Jan. 30, 2024, in federal court in the Central District of California. Prosecutors identified Mr. Mikula as an analyst working for a publication called Palm Beach Venture and Mr. Fernandez as a Mexican citizen living in Georgia. Also named as a defendant was Raj Beri, a resident of West Hollywood, Calif., who pleaded guilty on Feb. 27, 2024. Mr. Dhillon is not a defendant, but he and the others face related civil charges from the U.S. Securities and Exchange Commission, and Mr. Dhillon is a defendant in a separate criminal case brought in Boston.

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Another massive financial crime perpetuated in Canada under the disguise as a legitimate investment. The entire Canadian Financial System is a massive criminal fraud with no oversight.

The Canadian Federal Government does NOTHING. The Canadian Justice Department does NOTHING.

The SEC and the United States Government are the only ones with any interest in stopping this never ending cycle of criminal offences committed against unsuspecting investors in Canada. Canadian Investment Firms make Billions of Dollars profit at the expense of their clients and act with impunity.

The IMF needs to start investigating what is going on in Canada.

Shame on Canada. YOUR entire Financial Industry is a disgrace. Your Fraudulent Investment firms act with impunity. Disgusting

Posted by Dave at 2024-04-09 09:19

What happened to Emerald Health Pharmaceuticals? On May 11, 2022, Skye Bioscience signed a definitive agreement with Emerald Health Therapeutics with respect to a transaction to be completed by way of a Plan of Arrangement whereby Skye Bioscience would acquire all of the issued and outstanding shares of Emerald Health Therapeutics in a share-for-share-transaction. Skye Bioscience, Inc. completed the acquisition of Emerald Health Therapeutics, Inc. from Emerald Health Sciences Inc. and others.Nov 9, 2022

SKYE - Q 8.75

Posted by halcrow at 2024-04-09 12:45