By Katryna Perera (December 1, 2021, 6:24 PM EST) — A Canadian woman accused of being involved in an alleged multimillion-dollar scheme to dump penny stocks on retail investors urged a Massachusetts federal judge Tuesday to dismiss a U.S. Securities and Exchange Commission suit against her, arguing the agency’s claims are time-barred.
Zhiying Yvonne Gasarch was charged by the SEC in August with taking part in a securities fraud scheme that allegedly brought in hundreds of millions of dollars between 2011 and 2019.
She is one of several defendants named in the enforcement suit that accuses Canadian resident Frederick Sharp of masterminding a microcap fraud scheme. Sharp and three others are also facing criminal charges….
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