Digital Brand Media and Marketing Group Inc (DBMM)

[Stock_Barber]

I'd love to say I am surprised!

SEC Charges U.K.-Based Father and Son, and Two Others in Transatlantic Microcap Fraud Scheme
2021-187

Washington D.C., Sept. 23, 2021 —
The Securities and Exchange Commission today filed two complaints in the United States District Court for the Eastern District of New York charging four individuals and five entities for their roles in an allegedly fraudulent microcap scheme that generated more than $10 million in unlawful stock sales. The SEC also is seeking an order to freeze the assets of seven of the defendants and one relief defendant.

According to the first of the two complaints, United Kingdom citizen Timothy Page, a recidivist, and his son, U.K. resident Trevor Page, schemed with associates to acquire millions of shares in U.S. publicly traded microcap companies, disguise their control over the companies, and then dump their shares into the public markets in violation of the securities laws. The Pages allegedly used nominee entities, including the five entity defendants, to conceal their holdings in the companies, and then engaged in manipulative trading and hired boiler rooms to generate artificial demand for their stock by making misleading statements to investors.

https://www.sec.gov/news/press-release/2021-187;

.