Sunday, March 26, 2017 10:07:31 PM
Mr. Price allegedly agreed to pay a $1.5-million (U.S.) kickback to a U.S. broker and an FBI undercover agent in return for their help in inducing an investment fund to buy $5-million worth of Medinah shares.
Mr. Price, from Vancouver, was expelled from the Institute of Chartered Accountants of British Columbia in 1990 for his role in a stock scheme that defrauded two clients.
A year later, he lost a civil suit that accused him of using client funds to manipulate the shares of another company, Cumo Resources Ltd.
Mr. Price was arrested in Seattle on Wednesday.
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