2 Canadians accused in US of engaging in $140M penny stock fraud arrested in Thailand

Published January 13, 2015

Thai police say they have arrested two Canadians accused of scamming more than $140 million from investors worldwide in a penny stock fraud.

Lt. Col. Kanaphat Phahumunto said 63-year-old Gregory Curry was arrested Tuesday at his ex-wife's house in Kabin Buri district in the eastern province of Prachin Buri.

He said Wednesday the suspected mastermind, 55-year-old Sandy Winick, was apprehended over the weekend.

They are among nine men the FBI suspects of augmenting the share price of worthless stocks of small companies and unloading them to unsuspecting investors from about 35 countries.

Kanaphat said Winick was arrested in 2011 in Bangkok for a call center scam but escaped bail.

Both men face extradition to the U.S. on an indictment in a New York court.

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https://www.foxnews.com/world/2-canadians-accused-in-us-of-engaging-in-140m-penny-stock-fraud-arrested-in-thailand