Tuesday, March 22, 2016

SEC v. Bruce D. Strebinger, Anne Strebinger - Vancouver

Bruce D. Strebinger
Nov. 3, 2014 — The Securities and Exchange Commission today charged a pair of Canadian citizens with conducting an international microcap fraud scheme by stockpiling shares in a coal mining company and funding a multi-million dollar promotional campaign to hype the stock while simultaneously dumping their shares and routing the proceeds through offshore accounts.

Bruce D. Strebinger and Brent Howard Chapman generated proceeds of more than $17 million through their elaborate scheme. The SEC has named Strebinger’s wife as a relief defendant in its complaint for the purposes of seeking disgorgement of ill-gotten gains from the scheme. Muskateer Investments also is listed as a relief defendant along with a company beneficially owned by Strebinger’s wife called Furla Blue Spa and a company beneficially owned by Chapman called Lance Investments S.A.
“Strebinger and Chapman rigged a penny stock in their favor while staging a massive promotional campaign,” said William P. Hicks, Associate Director for Enforcement in the SEC’s Atlanta Regional Office. “They disguised their scheme by dumping their shares in relatively small amounts over extended periods of time, and they attempted to hide their proceeds from U.S. regulators by routing them through offshore accounts.”
March 21, 2016. The Securities and Exchange Commission announced today a final judgment against defendant Bruce D. Strebinger. The final judgment imposes on Strebinger a permanent injunction against future violations of certain antifraud and reporting provisions of the federal securities laws, imposes a penny stock bar and orders that he pay disgorgement in the amount of $1,515,640.

In its Complaint, the Commission alleged that Strebinger, along with his co-defendant, Brent Chapman acquired positions of more than 5% of Americas Energy common stock without publicly disclosing their beneficial ownership status as mandated by the federal securities laws. Having acquired their substantial undisclosed positions, Strebinger and Chapman coordinated an aggressive, multi-million dollar campaign to promote Americas Energy stock to prospective investors through blast e-mails and direct mailings of stock promotion reports that contained false and misleading statements.
While coordinating the promotional campaign designed to encourage prospective investors to buy Americas Energy stock, Strebinger and Chapman were simultaneously dumping their Americas Energy stock on the public market through an intricate web of international accounts and foreign domiciled financial institutions, located in Canada, Nevis, Panama, Switzerland, and the Turks and Caicos Islands.


Offshore Alert
Anne Strebinger: "Please remove any and all information, url, and articles with my name, Anne Strebinger, as I am a EU citizen and have the "right to be forgotten". Your publication of these are in violation of this law. Thank you."

"Anne is a fashion-focused individual based in Vancouver, Canada. Though Vancouver is her home, Anne has a worldly perspective, especially where style is concerned." ---->http://annestrebinger.com/