Fred Sharp's Billion-Dollar Fraud Falls

Fred Sharp, a 74-year-old ex-lawyer accused of orchestrating a billion-dollar stock fraud scheme between 2011 and 2019, just hit another legal roadblock: Canada’s Supreme Court denied his appeal, leaving a U.S. default judgment against him intact. The SEC, focused on recovering ill-gotten gains rather than fines, now targets his Canadian assets after a B.C. court recognized the U.S. ruling. Sharp’s defense—that he wasn’t properly notified—failed. His alleged tactics involved offshore shell companies and fake nominees to inflate penny stocks, then dump them for massive profits. He’s already been banned from B.C. markets and fined $2 million by a Quebec tribunal, with more appeals looming. Criminal charges still hang over him in the U.S., but no trial date is set. This isn’t his first loss—he lost a Supreme Court challenge last November too. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a71543370ac68f83