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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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From: StockDung2/2/2015 12:23:07 PM
   of 122087
 
CO2 Tech's Curshen turned down by Supreme Court

2015-02-02 11:49 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 man serving 20 years in jail for a pink sheets pump-and-dump, has lost his final avenue of appeal, to the Supreme Court of the United States. The court has denied his petition for a writ of certiorari, which means that it will not hear the case. As is customary, the court did not provide its reasons for the denial. The decision means that Mr. Curshen's best chance at release will be to remain on his best behaviour while in jail. His scheduled release date, if he serves his entire sentence, is in 2029.

Mr. Curshen's jail term stems from the 2007 pump-and-dump of CO2 Tech Ltd., a company that purportedly made pollution control products. Prosecutors said that he was a central figure in a scheme to manipulate the stock. He 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.) A Florida jury convicted Mr. Curshen after an 11-day trial in January, 2012, and a judge later sentenced him to 20 years in jail.

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