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by Mike Caswell
Paul Ewer, one of those charged in New York for the manipulation of former Canadian Securities Exchange listing Intelligent Content Enterprises Inc., has found himself in a bit of extra trouble. In the very early morning hours of Jan. 19, 2018, he was arrested and charged with assault after an incident at a New York bar. According to police, he struck a female in the face. Mr. Ewer claims that the incident was a complete accident.
The assault charges compound Mr. Ewer's existing legal problems, which stem from an alleged $147-million market manipulation. (All figures are in U.S. dollars.) Prosecutors claim that he and 14 others were part of a scheme to manipulate five thinly traded companies, including Intelligent Content Enterprises. The group cold-called seniors and others and aggressively persuaded them to buy millions of shares.
Mr. Ewer was arrested on the manipulation charges on July 12, 2017, and entered a not guilty plea that same day. The judge allowed him to go free on a $250,000 bond. Aside from a prohibition from working in the financial industry, his release conditions were relatively standard for federal defendants. Among other things, he was not to violate any federal, state or local laws. If he were to commit any such violations, he could be sent to jail to await trial.
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