SEC v. Ronald Bauer

Petar Dimitrov Mihaylov appears to have been part of a scheme spanning at least 2006 to 2020 that generated more than $145 million of sales of stock in at least 17 microcap companies, according to the SEC. The complaint alleges Mihaylov partnered with other defendants in at least two “pump-and-dump” frauds involving penny stock issuers Steampunk Wizards Inc. and Cantabio Pharmaceuticals Inc., and perpetrated at least one other fraudulent “pump and dump” involving another issuer, Lifelogger Technologies Corp. According to the complaint, Mihaylov used offshore accounts and front companies to conceal that he was the beneficiary of stock sales and failed to disclose his beneficial ownership and trading and to register his stock sales as legally required.

Summary generated from official Securities and Exchange Commission press release