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SEC targets tout Curshen, a YBM post-promo alumnus
2003-04-25 20:15 ET - Street Wire
Also Street Wire (C-*OSC) Ontario Securities Commission
by Brent Mudry
The United States Securities and Exchange Commission has launched a pump-and-dump prosecution of Freedom Golf Corp. figures, including self-styled Florida investment banker Jonathan Curshen. Mr. Curshen is best known in Canadian financial circles for his previous role in a bizarre 1998 takeover bid for YBM Magnex International seven months after the Toronto Stock Exchange-listed company collapsed amid U.S.-led revelations it was an apparent money laundering vehicle for respected Russian mobster Semion Mogilevitch.
The SEC announced April 16 that it has filed a civil complaint and launched an injunctive application against promoters Mr. Curshen, 37, of Sarasota, Fla., and Carter Allen Jones, 36, of Highlands Ranch, Colo., Gaylen P. Johnson, 51, of Englewood, Colo., who has served as Freedom Golf's president and chief executive officer since its incorporation in 1996, principal shareholder Timothy J. Miles, 54, of Klamath Falls, Ore. Mr. Jones's company, C. Jones & Co., is the fifth and final defendant.
In its complaint, filed April 11 in United States District Court for the District of Colorado, the SEC claims that from late January through early March in 2000, Mr. Miles paid promoters Mr. Jones and Mr. Curshen to hype Freedom Golf via the Internet, telephone and mail. Mr. Jones allegedly arranged for the dissemination of 25 to 35 million unsolicited spam E-mails that February. |
