DD Support Board and Research Team

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Mr. Lacasse prefers not to say how much money he sunk into the venture, but he adds that investors who lost everything in Onco had a chance to get out with a small profit before the stock hit rock bottom. “In mining and oil, all the plays are like a casino,” he said.

Usually, though, the casino is not being run by a convicted fraudster benefiting from police protection. Mr. Lacasse acknowledged that he feels badly about his role in touting Onco. “I was naïve, trusting,” he said. He teaches good governance to his university students, but even he did not sense anything was amiss until it was too late.