Avtar Dhillon is alleged to have set up shell companies for the purpose of concealing shares sales of two of his companies.
A Vancouver-based marijuana stock promoter has been charged with securities fraud, conspiracy and obstruction by the United States Department of Justice in Boston, following an investigation of two of his companies.
Avtar Dhillon previously established and operated marijuana-growing facilities in Richmond and Delta with Emerald Health Therapeutics Inc., whose board he chairs.
However, while he was establishing greenhouses in Canada, between 2017 and 2020, the U.S. Securities and Exchange Commission was investigating Dhillon for alleged fraudulent transactions.
Full article at Business in Vancouver.