BC businessman faces allegations of fraudFrom the article relating to the former CEO of mining firm Advantage Lithium Corp: "Vancouver businessman David Sidoo was allegedly part of a business ring that defrauded investors out of millions of dollars, according to a court filing from the U.S. Securities and Exchange Commission (SEC). According to the complaint, the "global" scheme to defraud investors involved four of Sidoo's co-defendants, as well as six other people who have been criminally charged as part of a separate FBI investigation. "These pernicious 'pump and dump' schemes made the defendants rich while causing real harm to ordinary, retail investors who were left swallowing the losses," said U.S. federal attorney Damian Williams in a statement announcing the FBI's criminal charges.....Regulators say the defendants bought stocks in various companies, artificially inflated their stock prices, and then sold the assets to unsuspecting investors, making millions of dollars in the process."
https://www.cbc.ca/news/canada/british-columbia/david-sidoo-fraud-allegations-1.6421796