21:56:54 EDT Tue 26 May 2020
Enter Symbol
or Name

Login ID:

CO2 Tech defendant Curshen seeks release, again

2020-05-21 19:46 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

Jonathan Curshen, the Vancouver-linked fraudster serving 20 years in a U.S. jail for a market manipulation scheme, has joined the ranks of inmates asking a judge for release on COVID-19 grounds. Mr. Curshen, 55, says that he suffers from hypertension and obesity, conditions that place him at a higher risk for a severe infection. As he sees things, the judge should allow him to serve the remainder of his sentence through home confinement.

The request comes with Mr. Curshen having served about nine years of the 20-year term that he received after a Florida jury convicted him of securities fraud and money laundering. The charges stemmed from the manipulation of a company called CO2 Tech Ltd., which purportedly made pollution control products. Mr. Curshen entered several wash trades using a maze of offshore brokerage accounts while the company made bogus claims about a relationship with Boeing. He and others, including former Pacific International Securities Inc. broker David Ricci, boosted the stock to $1.65 from 91 cents. (All figures are in U.S. dollars.)

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.