Canadian businessmen accused in $35-million international pump-and-dump stock plot – By Adrian Humphreys (National Post) / Feb 5 2020
One man complained that because the government froze his assets, he couldn’t care for his family or pay for legal defence
Three Canadian businessmen were fingered as stock swindlers by U.S. authorities accusing them of an international pump-and-dump stock plot that generated more than US$35 million.
The Canadians face a securities fraud enforcement action by the U.S. Securities and Exchange Commission for allegedly being a part of an elaborate illicit penny stock scheme that used a variety of firms registered on four different continents.
The accused Canadians are Steve M. Bajic, 49, of Burnaby, B.C., who is a dual citizen of Canada and Croatia; Rajesh Taneja, 43, a Canadian living in Vietnam; and Christopher Lee McKnight, 45, who lives in an unspecified location in Canada.
Another Canadian, who is a dual citizen of Mexico, who allegedly ran a company at the direction of Bajic and Taneja, is referred to in the complaint but not named in it or charged.
Two people from Britain and one from the United States are also accused.
Continue to article: https://nationalpost.com/news/canada/canadian-businessmen-accused-in-35-million-international-pump-and-dump-stock-plot
