Replies to post #100396 on DD Support Board and Research Team

[janice shell]

Speaking of Luis Carrillo. I've been digging up a bit more about how he continues to run these pump&dump schemes out of Mexico City without ever leaving the country.

You'd think that'd be increasingly problematic for him. Central American and Caribbean nominee accounts just aren't working the way they once did. Probably the authorities here know exactly what accounts he used in connection with earlier scams. So he'd have had to find new channels.

And while Mulholland evidently isn't talking, I'm sure Phil Kueber is. But no matter what Kueber may have to say, I suspect the Feds will have to be content with asset freezes at best. Carrillo won't be coming back, and I imagine extraditing him from Mexico would be difficult. If he didn't have Mexican citizenship before, surely he does by now.

We know he was involved with SRGE. I wonder if he also played a role with CRGP. That wouldn't exactly come as a surprise.

[nodummy]

The http://www.luiscarrillo.net website finally got some updates including some nice photos of Luis Carrillo.

Looks like they are going to be adding a lot more information in the future.

[nodummy]

Speaking the Panama Papers did anybody catch this article about Frederick Sharp

http://www.cbc.ca/news/business/panama-papers-database-public-canadians-1.3572972

As I posted earlier Frederick Sharp is the main guy that was helping Luis Carrillo and others set up their offshore entities to keep the money moving so the regulators couldn't keep up

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119130053







CBC Investigates

http://www.cbc.ca/news/business/panama-papers-database-public-canadians-1.3572972

Panama Papers reveal middlemen between Canada and offshore secrets
Leaked data shows top Canadian offshore operators include Alberta fraudster, former B.C. lawyer



A former lawyer whose business handled 1,167 offshore companies. A man who lied his way through a top job at the Alberta legislature and a dizzying stint as an offshore financial guru before landing in prison for fraud. A Toronto company that says it doesn't do the offshore bidding of any Canadians, but set up a Caribbean company for a Montrealer now charged in a $290-million US stock swindle.

These are among the most prolific Canadian offshore operators in the enormous trove of leaked financial data known as the Panama Papers, according to analysis by CBC and the Toronto Star, which have exclusive access to the files in Canada.

Their names — as well as some confidential details on the nearly 2,000 offshore entities they've sprouted over the years, in far-flung jurisdictions like the Seychelles and Niue — became public this afternoon.

The International Consortium of Investigative Journalists, the Washington-based organization co-ordinating the global media team reporting on the leaked records, has made a key part of the Panama Papers data available online. The material consists of lists of clients and their offshore companies dating back to 1977 from Panamanian law firm Mossack Fonseca, one of the biggest creators of offshore corporations in the world.

But beyond the headlines, the Canadians' stories offer a rare insider glimpse at the often murky world of offshore havens, where legitimate business dealings share an uneasy coexistence alongside the machinations of scam artists, money launderers, rogue states and the politically corrupt.

"I don't think most people understand — or why should they? — how does the offshore world work," said Kim Marsh, a former RCMP commander for global organized crime and now a private-sector expert on international money laundering and corruption.



'Invoices… should be destroyed'

Former B.C. lawyer Fred Sharp's business, Corporate House in Vancouver, was known as the "go to" firm for wealthy Canadians wanting to keep assets private and offshore to minimize their tax burden, according to sources in the wealth management industry.

He became the Canadian representative for Mossack Fonseca in 1994.

The Panama Papers show Corporate House has since handled 1,167 offshore companies through Mossack Fonseca, mostly incorporated in the British Virgin Islands and mostly for Canadian clients. One of those companies, a CBC/Star investigation determined, was linked to a notorious fraudster, Michael Mitton.

http://www.cbc.ca/news/business/mounties-charge-3-in-alleged-pump-and-dump-stock-fraud-1.616976

The leaked records also show Sharp's firm took steps to enforce the strictest confidentiality around its dealings. Mossack Fonseca staff were forbidden to send certain financial documents, like annual invoices or account statements, to Corporate House in Vancouver — whether by airmail, email or fax. Instructions stated that if any such documents were printed, they "should be destroyed." The firm also paid $15,000 to buy and host an out-of-Canada server at Mossack Fonseca's offices in Panama.

In an email to CBC and the Star, he said: "I cannot speak accurately to your various queries as you have provided no evidence regarding events that may or may not have occurred 20 years ago."

No Canadians accepted

At a modest office just north of Toronto, a half-dozen staff keep the world at their fingertips. Unitrust Corporate Services and a related firm, Unitrust Capital, offer to incorporate and help administer companies for customers in places like Nevis, Gibraltar, Belize and Anguilla.

But not if you're Canadian.

"We do not accept orders from Canadian residents," says a notice that began appearing on Unitrust Capital's website in 2013.

Unitrust's name appears hundreds of times in the Panama Papers in connection with 684 different offshore corporations. While the vast majority of those do not appear to involve any Canadian addresses, three of them do.

One of those offshore corporations, in particular, stands out.

The company, Exporta Commercial, was incorporated in the British Virgin Islands, and its underlying owner, according to records in the Panama Papers, was Montrealer Eric Van Nguyen.

Van Nguyen was charged by U.S. law enforcement in 2014 for participating in a $290-million US pump-and-dump stock fraud.

Unitrust then moved to sever its relationship with Van Nguyen. But the firm declined to answer questions from CBC and the Star about why it does not offer its services to Canadians and whether it performed any due diligence on Van Nguyen before accepting him as a client.

"We are a private business and we make decisions and arrange our affairs as we see fit," Unitrust Capital managing director Paul Rostorotsky said in a brief exchange with a Star reporter.



The fake lawyer

Notorious Edmonton fraudster Michael Ritter figures prominently as another Canadian connected to the Panama Papers.

The paper trail reveals Ritter's arrest in October 2005 by the RCMP effectively ended his relationship with Mossack Fonseca.

"We have just received word from a client of Mike Ritter that he is in jail awaiting trial on an unknown charge, has been denied bail, and his offshore operation in Edmonton has been closed down. Possibly U.S. authorities investigating money laundering," said an Oct. 24, 2005, email to the law firm from a competitor of Ritter's Edmonton company, Newport Pacific Financial.

Mindful of the "bad publicity this could bring us," the Panamanian law firm acted immediately.

Ritter and Newport Pacific were "blacklisted" and Mossack Fonseca resigned as the registry agent for the 60 companies created by Newport Pacific and its predecessor company in the tax havens of the British Virgin Islands, the Bahamas and Niue, a small island nation in the South Pacific.

Ritter became a self-proclaimed offshore financial guru in the 1990s after spending six years as the chief parliamentary counsel to the Alberta legislature — despite never having received a law degree, as he claimed. He pleaded guilty in October 2006 to theft for stealing from a client and to fraud for his role in a $270-million US pyramid scheme. He says that he served his time and has moved on with his life, and that never acted for, or had been a director in, any offshore company.

Read Charles Rusnell and Jennie Russell's full story, Edmonton fraudster Michael Ritter's company surfaces in leaked Panama Papers.



http://www.cbc.ca/news/business/panama-papers-database-public-canadians-1.3572972



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And here is a little extra tidbit/bread crumb especially for DrContango because I know XLIT is his current scam interest:

An associate and fellow employee of Frederick Sharp from HE Capital SE named Virgilio Santana Ripoll shows up in the early XLIT filings when it first went public as MYXY.

[nodummy]

SEC charges Frederick Sharp / Luis Carrillo and Sharp Indicted

https://www.sec.gov/news/press-release/2021-148


I wrote about this exact stuff in 2015:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=119130053

Speaking of Luis Carrillo. I've been digging up a bit more about how he continues to run these pump&dump schemes out of Mexico City without ever leaving the country.

Apparently Frederick L Sharp out of West Vancouver (like Gregg Mulholland, Scott Gelbard, Aaron Lamkin, and Iqbal Saran) is a main guy helping Luis Carrillo with share deposits. Frederick Sharp has been involved in the industry going back a very very long time and in the past can be linked to entities/individuals such as Corporate House SA, HE Capital SA, Keith King, Kevan Garner, Cliff Wilkens, and Jack Purdy. Sharp allegedly deposits shares all over the world for Carrillo. He is great at keeping the money moving so its impossible for authorities to make the connection between deals and the money.

I've heard that Sharp frequently goes down to Puerto Vallarta, Mexico to meet Luis Carrillo. Carrillo flies in from Mexico City. Carrillo will never fly out of Mexico as he knows that there's probably a sealed indictment waiting for him. He's also got political cover in Mexico and so he thinks he is untouched while he's there.

Working hand in hand with Fred Sharp and Luis Carrillo is another lawyer named Konrad Malik. Malik used to work in the MacDonald Tuskey law firm with William L. MacDonald and Gerald R. Tuskey, but has since gone off the radar. In the past Macdonald Tuskey had been involved in some major paid promotion tickers like LEXG, JAMN, GNIN, TAON, LTUM, PEPR, BGBR, AENY, PTRN, UTOG, DUSS, GOFF, LBTG, PGNE, and HHWW among many others. Word is that Malik is still working with Luis Carrillo in the background.

Also related:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=122516699


Link to the SEC Complaint against Frederick Sharp:

https://www.sec.gov/litigation/complaints/2021/comp-pr2021-148.pdf

Link to the SEC Complaint against Luis Carrillo

https://docs.google.com/document/d/1zJCvSgiSNWH4Xn4je6x_wYLo0bvv07g_95NXIlOzJI4/edit?usp=sharing

Link to the new Indictment against Luis Carrillo and Frederick Sharp (now unsealed)

https://docs.google.com/document/d/1ddA_gLrXaze4pU9qxOUsK1ZcQFKWpKv7UyuvZNQ28JY/edit?usp=sharing

Interesting read. I wonder who those cooperating witnesses were?

Konrad Malik maybe? Did Roger Knox cooperate? Did Gregg Mulholland also play a role by cooperating?


From the SEC press release:

https://www.sec.gov/news/press-release/2021-148

Washington D.C., Aug. 9, 2021 —
The Securities and Exchange Commission today announced an emergency action charging nine individuals, including a public company chairman, for their participation in long-running fraudulent schemes that collectively generated hundreds of millions of dollars from unlawful stock sales and caused significant harm to retail investors in the United States and around the world. The SEC has obtained emergency relief in court, including an order to freeze the defendants’ assets.

According to the SEC’s complaint unsealed today, Canadian resident Frederick L. Sharp masterminded a complex scheme from 2011 to 2019 in which he and his associates – Canadian residents Zhiying Yvonne Gasarch and Courtney Kelln – enabled control persons of microcap companies whose stock was publicly traded in the U.S. securities markets to conceal their control and ownership of huge amounts of penny stock. They then surreptitiously dumped the stock into the U.S. markets in violation of federal securities laws. The services Sharp and his associates allegedly provided included furnishing networks of offshore shell companies to conceal stock ownership, arranging stock transfers and money transmittals, and providing encrypted accounting and communications systems. According to the complaint, Sharp and his associates facilitated over a billion dollars in gross sales in hundreds of penny stock companies.

The complaint alleges that one group of control persons comprised of Canadian residents Mike K. Veldhuis, Paul Sexton, and Jackson T. Friesen frequently collaborated with Sharp to dump huge stock positions while hiding their control positions and stock promotional activities from the investing public. The complaint further alleges that California resident Avtar S. Dhillon, who chaired the boards of directors of four of the public companies whose stocks were fraudulently sold during the schemes, reaped millions in illicit proceeds from those illegal sales. Dhillon was allegedly complicit with Veldhuis and his associates as well as with others, including Canadian resident Graham R. Taylor. According to the complaint, Maryland resident William T. Kaitz worked as a promoter and allegedly touted stocks that Veldhuis, Sexton, and Friesen simultaneously planned to sell, while concealing their roles.

The SEC filed a related action on Aug. 4, 2021, charging Mexican resident Luis Jimenez Carrillo for engaging in deceptive penny stock schemes that generated more than $75 million from the fraudulent sales of multiple microcap companies’ stock. Carrillo, who allegedly utilized Sharp’s services, partnered with Canadian resident Amar Bahadoorsingh and United Kingdom residents Justin Roger Wall and Jamie Samuel Wilson on at least one of the schemes.