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CO2 Tech defendant Curshen seeks release, again

2020-05-21 19:46 ET - Street Wire

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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.)

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