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SEC defendant Lindsay receives 17 months

2022-05-12 20:31 ET - Street Wire

Also Street Wire (U-KVMD) Kelvin Medical Inc

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by Mike Caswell

A San Diego judge has imposed a 17-month jail term on Oliver Lindsay, a Vancouver man charged for a 2018 pump-and-dump on the OTC Markets. Prosecutors said that Mr. Lindsay was part of a scheme to boost Kelvin Medical Inc., a supposed medical device maker, with manipulative trades, misleading tout sheets and a phone room. The scheme generated $1.4-million in gains. (All figures are in U.S. dollars.)

Mr. Lindsay received his sentence in an appearance before Judge William Hayes on Thursday, May 13. In addition to the 17 months in prison, the judge imposed three years of supervised release and ordered restitution of $187,893. The judge gave Mr. Lindsay until July 1, 2022, to surrender to authorities.

The 17-month jail term is a loss for Mr. Lindsay, who had asked that the judge spare him prison altogether. He pointed out that he had already spent two months in jail while awaiting his release on bond. He then lived in the basement of a friend's home in Utah for 13 months before the judge allowed him to return to Vancouver.

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meanwhile university profs wet dream cryptos, on the calculus and elliot wave theory exponential price increases got buried on the luna, the crypto scam, but the intelligence welfare apparatus still too busy annonymous tipping to SEC and DEA. Biggest victims of terrorism, is the SEC and DEA prosecutions in NA that outnumber over 50,000% more than the number of terrorists convicted or whacked, go figure

Posted by luna oh my luna at 2022-05-13 11:28