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CMKM defendant Turino seeks freedom, again

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fung_derf Member Level  Friday, 05/22/15 10:59:24 AM
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CMKM defendant Turino seeks freedom, again


2015-05-21 12:05 ET - Street Wire


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by Mike Caswell

Jeffrey Turino, one of two people in jail awaiting trial for the CMKM Diamonds Inc. scheme, is once again asking a judge for his freedom. The focus of his current argument is not just his flight risk (which he still says is minimal). This time he is also complaining about the conditions in jail. Specifically, he says the prison where he is housed has been denying him the necessary library time to prepare for trial. Without such preparation, he will not be able to help his lawyer, he claims.

Mr. Turino is one of seven defendants awaiting trial in the CMKM case. Prosecutors claim that he and others, including Saskatchewan's Urban Casavant, were part of a scheme to dump billions of unregistered shares in the company, reaping $60-million in profits. (All figures are in U.S. dollars.) Although Mr. Turino was in the "shadows of the conspiracy" because of a prior penny stock ban, he still helped route share transactions through associates and nominees in Florida, according to the government.


Just my opinion, of course.
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