This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Mike Caswell
John Edwards, one of the alleged architects of the massive CMKM Diamonds Inc. fraud, has lost a motion to secure his release from jail. His lawyers had asked the judge to allow him out on medical grounds. They said that his health problems, previously identified as dementia and a seizure, had become worse.
The loss comes as part of a case in which prosecutors claim that Mr. Edwards and others, including Saskatchewan's Urban Casavant, ran a $60-million pump-and-dump with CMKM. (All figures are in U.S. dollars.) They touted the company's diamond properties and a purported $50-million jade collection while dumping hundreds of billions of shares, the government says. The matter has yet to go to trial, and Mr. Edwards, 76, has been in custody for about seven years awaiting that trial.
In a motion filed on April 6, 2018, Mr. Edwards's lawyers explained that their client should no longer be in jail. They provided few details, but they previously said that he was no longer mentally competent to stand trial. He had suffered a seizure and doctors had determined that he had suffered a loss of brain tissue.
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2018 Canjex Publishing Ltd. All rights reserved.
Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted.Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.