08:09:52 EDT Thu 13 Aug 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

SEC defendant Knox pleads guilty

2020-01-14 15:03 ET - Street Wire

Also Street Wire (U-EPTI) Environmental Packaging Technologies Inc
Also Street Wire (C-SLT) Specialty Liquid Transportation Corp

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

Roger "Rocket" Knox, the U.K. man facing U.S. charges for at least four pump-and-dumps connected to Vancouver, has pleaded guilty. He entered the plea in an appearance before Boston Judge Nathaniel Gorton on Monday, Jan. 13. He remains in jail while he awaits sentencing.

Prosecutors claim that Mr. Knox, 49, was part of a $164-million fraud that involved the sale of millions of shares in 50 public companies. (All figures are in U.S. dollars.) Through the use of nominees and omnibus accounts, he allowed insiders to secretly dump shares in the midst of touting campaigns, the government says. He and his firm, Wintercap SA, realized millions of dollars in gains from the scheme, according to prosecutors. His co-defendants include former Toronto broker Morrie Tobin, who previously pleaded guilty and awaits sentencing.

The charges to which Mr. Knox pleaded guilty are securities fraud and conspiracy to commit securities fraud. He faces a maximum of 20 years in jail, although his actual jail term will be considerably less. Many factors, such as the nature of his crime, his co-operation with prosecutors and his guilty plea will contribute to his sentence.

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

© 2020 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.