Knowledge House broker sentenced to 3 years for fraud

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A former stockbroker described by a judge as the “competent tactician” in a multi-million dollar stock market fraud involving the Knowledge House e-learning company before it collapsed in 2001 was sentenced to three years in prison Friday. Bruce Elliott Clarke appeared in Nova Scotia Supreme Court in Halifax, with his wife, daughters, sons and other relatives seated behind him as Judge Jamie Campbell issued the sentence, recommended by both the defence and Crown. “Bruce Clarke was a conspirator in a multi-million dollar complex stock manipulation fraud,” Campbell read from his decision. “He also defrauded a union pension fund of close to $900,000. Those are serious crimes for which only a significant period of time in jail is the fit and proper sentence.”

By: Alison Auld
Read the full article at: Novia Scotia