Attorney, Three Others Sued for Roles in $34M Biozoom Fraud: SEC

The SEC sued an attorney and three others over their alleged roles in a $34 million international scheme to manipulate the stock of medical firm Biozoom Inc.

Vancouver-based attorney Faiyaz Dean, Francisco Abellan Villena, Guillermo Ciupiak, and James B. Panther Jr. “played an integral role” in the scheme, according to a May 15 Securities and Exchange Commission complaint in the U.S. District Court for the Southern District of New York..

Abellan and Ciupiak allegedly masterminded the fraud. Panther created accounts, facilitated Biozoom stock ...