Thursday, February 29, 2024 12:57:48 PM
"The amended complaint alleges the defendants conducted a fraudulent “pump and dump” scheme that included materially false statements to investors, undisclosed sales of shares while promoting the stock, and manipulative trading. The amended complaint also charges other associates of Rayat and Bhogal, and names several relief defendants, including 1420527 Alberta Ltd., an entity Bhogal owns and controls. Rayat, Bhogal, and RenovaCare consented to the final judgments without admitting or denying the allegations.
https://www.sec.gov/litigation/litreleases/lr-25945 2-27-2024
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