SEC v. Frederick L. Sharp

Frederick L. Sharp masterminded a complex scheme from 2011 to 2019 in which he and his associates—Zhiying Yvonne Gasarch and Courtney Kelln—enabled control persons of microcap companies to conceal their control and ownership of huge amounts of the stock and then surreptitiously dump the stock into the U.S. markets, according to the SEC. Mike K. Veldhuis, Paul Sexton, and Jackson T. Friesen, frequently collaborated with Sharp to sell massive stock positions while hiding their control positions and stock promotional activities from the investing public, according to the SEC. Avtar S. Dhillon was allegedly complicit with this group of control persons. William T. Kaitz worked as a promoter and allegedly touted stocks that Veldhuis, Sexton, and Friesen simultaneously planned to sell, while concealing their roles, according to the SEC.

Summary generated from official Securities and Exchange Commission press release