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BC Securities Commission orders Michael Lathigee and Earle Pasquill to pay $21.7M in disgorgement and $15M each in penalties for fraud in Freedom Investment Club.
The British Columbia Securities Commission (BCSC) has levied unpaid fines and disgorgement orders totaling around $430 million due to breaches of the province's Securities Act.
Among those with the largest unpaid amounts are Michael Lathigee and Earle Pasquill, who owe $51.7 million for fraudulent activities involving the Freedom Investment Club.
The BCSC has ordered them to pay $21.7 million in disgorgement and $15 million each in administrative penalties, resulting in ongoing litigation.
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La Comisión de Valores de BC ordena a Michael Lathigee y Earle Pasquill pagar 21,7 millones de dólares en devolución y 15 millones de dólares cada uno en multas por fraude en Freedom Investment Club.