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Mm34 what are your friends in high places saying now?
when theres something strange, and it dont look good!
That’s this old ladies joke.
Who you gonna call... Ghostbusters
That's dad's joke...
LOL
Would your contact who had all the big news have the number?
*too
$DIGAF
Couver stocks are high risk, period. Been known a long time. Integrity issue.
Who are you going call ? Good luck.
does anyone have romanos secureter
telephone number handy, to lazy to look
it up. please provide
I'd wait til end of year to do a cabinet. Make sure you can use the loss
what a depressing gut punch - really depressing. I think just plain old mismanagement would have been one thing, but out-right fraud is another. I still just can't quite believe it. I really thought Digatrade could make something work and that we were turning around with Securter - guess I was about as wrong as it gets. Spent years of time and quite a bit of money on this - it sure stings.
this hurts, i have believed in this and held it for years. the sec could have some consideration for the hoodwinked investors
You can do a cabinet trade with your broker if you want to get rid of shares. You won't get much
Again, how’s going to be buying. If there’s nothing on the bid, you can’t sell. Who’s buying? I just don’t see how anybody with significant shares sells.
I heard Texas will spin out who's next
Yeah! It's a loss MAJOR LOSS..
The sad thing is I did my research & everything was good..
I'm not exactly sure what to do....
gonna be a huge write off for me.
wish I sold all early last year and left.
So how can you sell this when the suspend is over. Who’s going to be buying? Curious how this plays out. Only a few more trading days left before it goes live again. Based on the responses, nobody really knows but the assumption is it’s not going to be good.
Welp, looks like my $3000 worth of shares in DIGAF are about to become a tax write off. This sucks.
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Coast Reporter
HOME BC NEWS
B.C. stock promoter used Colombia 'boiler room' in offshore scheme, SEC alleges
Former Vancouver investment adviser Bradley Moynes is charged with multiple counts of securities fraud.
Graeme Wood Graeme Wood
a day ago
Share via Text Message
us-sec-shutterstock
U.S. Securities and Exchange Commission.
The U.S. Securities and Exchange Commission has added another B.C. resident and stock promoter to its growing roster of alleged fraudsters involved in a scheme involving over $1 billion of trading orchestrated from Vancouver.
Bradley Moynes, 51, a former Vancouver investment adviser turned cryptocurrency promoter is facing civil allegations of securities fraud, according to a June 27 complaint lodged by the commission (SEC) in Boston. His companies Digatrade Financial Corp. and Vancap Ventures are co-defendants.
Moynes is accused of working with offshore shell facilitator Fred Sharp, a former Vancouver lawyer who was charged with fraud by the commission last August.
Sharp did not respond to the charges and now owes the commission US$52.9 million following a default judgment May 12. He also faces criminal charges along with members of his so-called “Sharp Group.” The group is alleged to have orchestrated hundreds of “pump and dump” schemes utilizing offshore shell companies held by nominee owners, between 2011 and 2019.
According to the complaint, Moynes became a Sharp Group client in March 2014, when Moynes was president of Formcap Corp., a Nevada company.
Phone records obtained by the commission allege to show Sharp dividing 95% of tradable Formcap shares into blocks of less than 5% held by the offshore companies, thus avoiding reporting requirements and scrutiny by the foreign brokerage firms, which held the shares, as well as transfer agents, who are supposed to oversee filings.
Moynes proceeded to “strategically issue” press releases and fund promotions about the company (the “pump”) while allegedly directing Sharp to sell the shares (the “dump”) and put the proceeds into a Canadian company named Vancap Ventures, which is solely owned by Moynes.
The commission says Moynes never reported these sales. Given his history as an investment advisor, he ought to have known securities laws required him to do so, the commission said.
Moynes is said to have personally profited $256,000 from Formcap.
A similar concurrent scheme occurred with Digatrade; however, Moynes, Digatrade’s president and CEO, was able to reap $533,000 in net profits, according to the commission — at least initially.
Those involved then stepped up their alleged actions in mid-2016, according to the commission, with a series of stock maneuvers, including the issuance of eight million new, unrestricted shares to nominee companies held by Moynes.
The complaint claims Moynes then connected with New York lawyer and Mexican citizen Luis Carillo, who is alleged to have orchestrated a promotional campaign via a boiler room (high-pressure call centre) based in Medellin, Colombia.
The boiler room was allegedly operated by Frank Biller, who has also been charged by the SEC.
Biller was convicted in B.C. of criminal fraud and theft in 2005 for his participation in the high-profile B.C.-based Eron Mortgage Corp. Ponzi scheme through the late 1990s. The Eron Mortgage saga is one of, if not the biggest, financial fraud cases in B.C. history. It garnered significant media attention given the sheer volume of victims.
By February 2018, Moynes and his associates sold 24.3 million shares of Digatrade and generated a net profit of $5.9 million, of which Moynes kept $1.3 million, according to the commision's complaint.
Moynes is charged with fraud in the offer or sale of securities, fraud in connection with the purchase or sale of securities and unregistered offerings of securities.
Moynes is presumed innocent until or unless proven otherwise in a court.
The proceedings are being held in the federal District Court of Massachusetts; that's where the commission laid charges because Digatrade sold shares on the U.S. over-the-counter market to investors there.
The commission is seeking repayment of the funds, some form of monetary penalty and a permanent ban from the markets.
gwood@glaciermedia.ca
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Vancouver offshore shell facilitator Fred Sharp handed US$52.9-million judgment for fraud Vancouver offshore shell facilitator Fred Sharp handed US$52.9-million judgment for fraud
Former B.C. man accused of allegedly running call centre scam Former B.C. man accused of allegedly running call centre scam
British Columbians charged in $1B stock fraud case could see trial next January British Columbians charged in $1B stock fraud case could see trial next January
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Skip to content
Coast Reporter
HOME BC NEWS
B.C. stock promoter used Colombia 'boiler room' in offshore scheme, SEC alleges
Former Vancouver investment adviser Bradley Moynes is charged with multiple counts of securities fraud.
Graeme Wood Graeme Wood
a day ago
Share via Text Message
us-sec-shutterstock
U.S. Securities and Exchange Commission.
The U.S. Securities and Exchange Commission has added another B.C. resident and stock promoter to its growing roster of alleged fraudsters involved in a scheme involving over $1 billion of trading orchestrated from Vancouver.
Bradley Moynes, 51, a former Vancouver investment adviser turned cryptocurrency promoter is facing civil allegations of securities fraud, according to a June 27 complaint lodged by the commission (SEC) in Boston. His companies Digatrade Financial Corp. and Vancap Ventures are co-defendants.
Moynes is accused of working with offshore shell facilitator Fred Sharp, a former Vancouver lawyer who was charged with fraud by the commission last August.
Sharp did not respond to the charges and now owes the commission US$52.9 million following a default judgment May 12. He also faces criminal charges along with members of his so-called “Sharp Group.” The group is alleged to have orchestrated hundreds of “pump and dump” schemes utilizing offshore shell companies held by nominee owners, between 2011 and 2019.
According to the complaint, Moynes became a Sharp Group client in March 2014, when Moynes was president of Formcap Corp., a Nevada company.
Phone records obtained by the commission allege to show Sharp dividing 95% of tradable Formcap shares into blocks of less than 5% held by the offshore companies, thus avoiding reporting requirements and scrutiny by the foreign brokerage firms, which held the shares, as well as transfer agents, who are supposed to oversee filings.
Moynes proceeded to “strategically issue” press releases and fund promotions about the company (the “pump”) while allegedly directing Sharp to sell the shares (the “dump”) and put the proceeds into a Canadian company named Vancap Ventures, which is solely owned by Moynes.
The commission says Moynes never reported these sales. Given his history as an investment advisor, he ought to have known securities laws required him to do so, the commission said.
Moynes is said to have personally profited $256,000 from Formcap.
A similar concurrent scheme occurred with Digatrade; however, Moynes, Digatrade’s president and CEO, was able to reap $533,000 in net profits, according to the commission — at least initially.
Those involved then stepped up their alleged actions in mid-2016, according to the commission, with a series of stock maneuvers, including the issuance of eight million new, unrestricted shares to nominee companies held by Moynes.
The complaint claims Moynes then connected with New York lawyer and Mexican citizen Luis Carillo, who is alleged to have orchestrated a promotional campaign via a boiler room (high-pressure call centre) based in Medellin, Colombia.
The boiler room was allegedly operated by Frank Biller, who has also been charged by the SEC.
Biller was convicted in B.C. of criminal fraud and theft in 2005 for his participation in the high-profile B.C.-based Eron Mortgage Corp. Ponzi scheme through the late 1990s. The Eron Mortgage saga is one of, if not the biggest, financial fraud cases in B.C. history. It garnered significant media attention given the sheer volume of victims.
By February 2018, Moynes and his associates sold 24.3 million shares of Digatrade and generated a net profit of $5.9 million, of which Moynes kept $1.3 million, according to the commision's complaint.
Moynes is charged with fraud in the offer or sale of securities, fraud in connection with the purchase or sale of securities and unregistered offerings of securities.
Moynes is presumed innocent until or unless proven otherwise in a court.
The proceedings are being held in the federal District Court of Massachusetts; that's where the commission laid charges because Digatrade sold shares on the U.S. over-the-counter market to investors there.
The commission is seeking repayment of the funds, some form of monetary penalty and a permanent ban from the markets.
gwood@glaciermedia.ca
See a typo/mistake?
Have a story/tip?
This has not been shared. Be the first!
Share via Text Message
Related
Vancouver offshore shell facilitator Fred Sharp handed US$52.9-million judgment for fraud Vancouver offshore shell facilitator Fred Sharp handed US$52.9-million judgment for fraud
Former B.C. man accused of allegedly running call centre scam Former B.C. man accused of allegedly running call centre scam
British Columbians charged in $1B stock fraud case could see trial next January British Columbians charged in $1B stock fraud case could see trial next January
COMMUNITY POLL
Participate in our next community poll.
Have you modified your diet over climate or environmental concerns?
view related story
No, I'm one person/family – I don't matter.
No, I'm not concerned with how my food choices may affect species/the climate.
Sort of, I'm aware of it but I don't make many environment-related food choices.
Yes, I've been watching how my food choices may contribute to climate change or may affect species' longterm sustainability.
TRENDING TODAY
1
Massive fire engulfs East Hastings Street building in Vancouver
2
'Indecent act' reported near Secret Beach in Gibsons
3
Here's what happened at Gibsons's short-term rental public hearing
4
Renowned Inuk artist Annie Aculiak dies
5
More Coast overdose incidents connected with recent 'bad dope' warning
News
Local News
COVID-19
In the Community
BC News
National News
World News
Real Estate
National Business
Local Sports
National Sports
Cannabis News
Digital Edition
Opinion
Opinion
Send us a letter
Arts & Life
Local Arts
Living
The Mix
Photos and Videos
Events Calendar
Features
Driving
Weather
Gas Prices
StandOut
GuidedBy
Sponsored Content
Tourist Guide
Classifieds
View Classified Ads
Place a Classified Ad
Obituaries
View Obituaries
Place an Obituary/In Memoriam
Connect
Contact Us
Daily Headlines Email
Support Local News
About
Contact
About
Advertise
Privacy Policy
Political Ads Registry
Glacier Media Group
Visit our network of sites:
Alaska Highway News
Bowen Island Undercurrent
Burnaby Now
Castanet
Coast Reporter
Dawson Creek Mirror
Delta Optimist
Lethbridge Herald
Medicine Hat News
Moose Jaw Today
New West Record
North Shore News
Pique Newsmagazine
Powell River Peak
Prince George Citizen
REW.ca
Richmond News
SaskToday.ca
Squamish Chief
Times Colonist
TriCity News
Vancouver is Awesome
Western Investor
Airdrie Today
Alberta Prime Times
Cochrane Today
Lakeland Today
Mountain View Today
Okotoks Today
RMO Today
St. Albert Today
Town and Country Today
© 2022 Coast Reporter
×
Mm34 you spelled it wrong it's bye bye bye
US SEC charges BC man allegedly connected to major offshore stock scheme - Coast Reporter $DIGAF https://t.co/G4RL78Ah78
— thefoodguy (@thefoodguy_) June 30, 2022
Don't worry, we still life in a jungle world stops the war be human
When? All of us are waiting.............
Blame it all on ceo brad!
Don't worry count like exit from the market, but keep its business with securter
Serious question... What should I do???
Will DIGAF rebound???
Can DIGAF come back???
I have my dad & grandfather's money & my great grandfather money before he passed away a few months ago money in DIGAF...
I have yet to tell them...
i may have confused that Securter press release you stickied with digaf…brad resigned from Securter, not Digaf sorry my bad
SEC knows that and play with law and take your money and you can't say nothing because of weak president
Exactly. This trading susupension is only hurting current shareholders.
SEC will done with spin out leave DIGAF landfill
SEC why now Were you in a coma
The Commission temporarily suspended trading in the securities of DIGAF because of inaccurate and incomplete information in the market concerning: materially false and misleading information in Digatrade SEC filings concerning its President's ownership and control over Digatrade stock, misleading promotional efforts by the President to induce others to purchase Digatrade stock at a time when the President was selling Digatrade stock and potential market manipulation beginning in May of 2014 and continuing through at least February 2018. The materially false and misleading information concerning Digatrade has not been corrected.
Let's see what's next.
Buyout for 0.05+ per share?
That's the only news I want.
Who said 'Brad is no longer the CEO of DIGAF'?
He still is as of June 27.
https://ih.advfn.com/stock-market/USOTC/digatrade-financial-pk-DIGAF/stock-news/88457303/report-of-foreign-issuer-pursuant-to-rule-13a-16-o
Definitely going to have some funds available for the drawdown...
I mean that... thank you for being you...
Agreed I think that some are manipulating this in a downward spiral but we will see while we swim up stream into the storm. But you know what is behind the storm calmness and a clear vision of where you are going. While the guppies run from the storm that will eventually take them as they run and hide Im going through it to see what happens. DD people do your own research and get professional advice but Riding till the wheels fall off over here. Lets go good luck.
I will be adding If shake and bake .
This suspension looks suspicious.
Me always had good luck with suspicious looking bad news.
GLTA..
Well shake them up and lets see what happens agreed.
Oh oh trying to figure out if you are being sarcastic or not. Hint please.
You really are one of the good ones...
Yup. The market is all about Psychological game being played to shake out the weak hands.
It's funny this stock has been trading in the range of$0.001 and0.0014 for the last couple of months. When it looked like it was about to start up trend, the suspension bomb dropped in. One wonders if someone is benefiting from this.
From the high 20s in 2014 to close to triple zero this Stock is way too depressed can't imagine it will go lower where the suspension is removed on July 11.
Correct just a suspension towards someone who is no longer the ceo. The SEC knew this. Many others do this just the game that is being played. Securter launch could boost this ticker. Perhaps some here know this and are trying to scare many into selling so they can grab some cheapies in 10 days. MMMM nobody really knows but when things look bad some make them worse and take advantage for their own personal gains. Again this is old news with a new spanking. Not worried especially that the ceo is not ceo anymore. Everyone is entitled to their own opinions and of course do as you wish it is your right just think and lets see what happens. Nothing that comes easy is worth a big score and nothing safe will give you a big score. Its all about risks and how you feel about a specific product. So lets separate the sharks from the guppies and lets see who stays on this bull the longest. Good luck all.
Exactly. In 2014 this this Stock was trading in the high 20s.
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The info in their statement is outdated, Brad is no longer the CEO or the only employee. I think they should single him out and leave Digaf to continue business with Securter
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