Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry

Article - Media, Publications

Former B.C. premier Christy Clark to face questions from money laundering inquiry

CBC News, 20 April 2021

Former Premier Christy Clark will testify Tuesday at the official inquiry investigating the scope and impact of money laundering in B.C., answering questions as to how much her cabinet knew about the crisis that grew during its tenure.

Clark, who was premier from 2011 to 2017, is the first of several present and past politicians to appear this month before the Cullen Commission, which is investigating the causes and impact of B.C.’s money laundering problem over the past decade. Continue reading “Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry”

Article: Rich Coleman’s dismissal of money laundering warning was baseless: Mountie

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Rich Coleman’s dismissal of money laundering warning was baseless: Mountie

Graeme Wood, 09 April 2021

RCMP’s failure to earmark adequate resources against financial crime was compounded by government officials downplaying problem, inquiry hears.

The senior Mountie in charge of a B.C. money laundering unit in January 2011 says he was “taken aback” by then minister of public safety and solicitor general Rich Coleman’s dismissal of his assessment of money laundering activity in government-regulated casinos. Continue reading “Article: Rich Coleman’s dismissal of money laundering warning was baseless: Mountie”

Article: Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today

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Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today

Erin Clark,  29 March 2021

Hong Kong Is Set to Target First SPAC Listing by End of Year

(Bloomberg) — Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter.The city is looking at tighter rules for sponsors of special purpose acquisition company listings and their buy-out targets than those enforced in the U.S., said the people, who asked not to be named discussing internal deliberations. Continue reading “Article: Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today”

Article: Forget GameStop and short sellers — the SEC says ‘OCMillionaire’ manipulated a worthless stock higher

Article - Media, Publications

Forget GameStop and short sellers — the SEC says ‘OCMillionaire’ manipulated a worthless stock higher

Erin Clark, 16 March 2021

Fool’s gold? The SEC alleges that a stock manipulator sucked investors into a worthless company by claiming it was about to become a big player in cannabis.

If you’ve been following the ludicrous saga of trading in GameStop shares, you’ve probably heard about how short sellers try to profit by manipulating stocks to fall in price.

But that’s not the only way people try to play the market.

The Securities and Exchange Commission just unveiled fraud charges against a trader allegedly trying to profit by manipulating a stock higher.

He’s Andrew Fassari, a 33-year-old Orange County resident. According to the SEC, he staged a vigorous campaign in December using the Twitter handle “OCMillionaire” to suck penny-stock investors into shares of Arcis Resources Corp., which had been defunct for years.

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Data Guru: Richard Clark

Data Guru

Mr. Richard “Rick” Clark began his career in Orlando serving the legal community in a full spectrum of discovery and data related services. As the industry evolved to adopt technology with the growing needs in including data as a part of the discovery process, Mr. Clark expanded his technology skill set to include information governance, litigation readiness, and analytics applications spanning platforms and workflows that encompass the full spectrum of the EDRM.

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Article: Investigator claims he was Fired for Hedge Fund Inquiry

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Investigator claims he was Fired for Hedge Fund Inquiry

Andrew Clark

The Guardian cited by RGM Communications via Wayback, 24 June 2006

The low-profile, high-earning world of hedge funds suffered a jolt yesterday as allegations surfaced of political influence and insider dealing at one of America’s most prominent players, Pequot Capital Management.

A former investigator at the Securities and Exchange Commission has disclosed that the authority has been examining suspicious trades at Pequot – a Connecticut-based fund which has $7bn (£3.8bn) under management and operates from offices in both the US and Britain.

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Article: Endovasc Ltd., Inc. v. J. P. Turner Co., LLC

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Endovasc Ltd., Inc. v. J. P. Turner Co., LLC

OffshoreAlert, 11 September 2002

Plaintiff, Endovasc Ltd., Inc. (“Endovasc” or “Plaintiff”, brings this action asserting in their Second Amended Complaint (the “Complaint” or “Compl.”) that they were injured by the fraudulent acts of defendants J.P. Turner Co., LLC (“JP Turner”), KCM Group LLC (“KCM”), The Keshet Fund, L.P. “Keshet Fund”), Keshet, LP (“Keshet”), Nesher, Ltd. (“Nesher”), Talbiya B. Investments, Ltd. (“Talbiya”), Balmore Funds S.A. (“Balmore”), David Grin (“Grin”), LH Financial Services Corp. “LH”), Laurus Master Fund, Ltd. (“Laurus Master Fund”), Laurus Capital Management, LLC (“Laurus Capital”), Celeste Trust Reg.”Celeste’, Patrick Power; “Power”), and John Clark (“Clark”) (collectively, “Defendants”), in violation of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (“Section 10(b)”) and Rule 10b-5 promulgated thereunder by the Securities and Exchange Commission (“SEC”), 17 C.F.R. § 240.10b-5 (“Rule 10b-5”) and Section 20(a) of the Securities Exchange Act (“Section 20(a)”), 15 U.S.C. § 78t(a).

Endovasc also asserts claims for common law fraud and deceit, civil conspiracy to defraud, breach of contract, and restitution under the Securities Exchange Act of 1934. Defendants move to dismiss the Complaint in its entirety on various grounds and for sanctions under Rule 11 of the Federal Rules of Civil Procedure. For the reasons stated below, Defendants’ motions to dismiss are granted, and their motions for sanctions denied.

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