Alberta’s 1st jail sentence handed down in ‘pump and dump’ scheme

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The Provincial Court of Alberta has sentenced Caroline Meyers, the principal of Calgary-based International Securities Group Inc., to two years in prison for her role in the 2010 market manipulation of the securities of Coastal Pacific Mining Corp. In December 2015, Meyers pleaded guilty to acting as a dealer of securities without registration, not filing a prospectus, and falsely inflating prices for Coastal Pacific stock.

Stock and investment fraud

Her co-accused, Joseph Bucci, also pleaded guilty to the same charges in September 2015. Bucci received an 18-month conditional sentence and permanent market bans in Alberta’s first court sentence handed down in a “pump-and-dump” scheme.

Read the full article at CBC News.
Watch this video to learn about ‘pumo and dump’ schemes: YouTube Alberta Securities.