BCSC Fines and Bans Individual and his Entities over Securities Fraud

[kreslik.news]

The British Columbia Securities Commission (BCSC), one of Canada’s financial market regulators for its British Columbia (BC) province, had just announced nearly $400,000 in penalties and the permanent ban of John Ferdinand Alexander Spangenberg (also known as ‘Johny’ and ‘JFA’) and two of his companies in connection with capital markets fraud,

Following a panel investigation in March 2016, BCSC noted in its statement just released that Spangenberg – a former resident of Holland, and two of his entities including Odyssey Renewable Growth Inc. and geoTreasuries Clean Energy Limited, had fraudulently raised over $170,000 from at least 6 B.C. residents between ... (read more)