Bridgemark Scandal Graeme Wood / Glacier Media
April 9, 2019 04:56 PM
BCSC lawyer Graham MacLennan said Tuesday there are now 82 subjects of the investigation, up from what was understood to be 62.
Glacier Media attended the panel’s hearing Tuesday. Recordings were not allowed and affidavits were not released to the public.
But MacLennan told the panel that the investigation has so far resulted in 116 production orders, including 14 to share-issuing companies, 44 to banks, 10 to brokerage firms, 36 to individuals and 12 to other entities. About 300 bank accounts and 230 brokerage accounts connected to subjects have been searchedBrady alleged that between February 2018 and August 2018 that so-called consultants privately bought at least $50.9 million worth of stock at pennies per share but had most of the money returned in alleged phoney consulting fees – a process described by Brady as like a “cash swap.”
When the dust settles on this scandal, those of us who are long on Prev are gonna be very happy.