Request Legal Help Now - Free


Stock fraud criminal remains at large

. By
Saskatoon, SKA criminal indictment has identified a former prison guard from Saskatchewan, Canada, as one of the six people accused of orchestrating a $60 million stock fraud scheme.

Urban Casavant is the only one of the six who remains at large and is thought by some U.S. authorities to be living somewhere in Canada, the Vancouver Sun reports. His name surfaced after U.S. prosecutors pushed to have the indictment unsealed after the other five accused were apprehended.

The U.S. Department of Justice has also charged Casavant with income tax evasion in connection with the complex penny-stock fraud scheme that used a front company known as CMKM Diamonds.

According to this indictment, CMKM had few assets, did not conduct regular mining operations and did not sell or produce any diamonds.
"CMKM did not even have an office, but instead shared Casavant's home in Las Vegas," states the indictment.

According to the Sun, Casavant was seen by a Saskatoon StarPhoenix reporter at a home that he reportedly owned in Saskatoon. That home is currently on the market to be sold.ADNFCR-2533-ID-19373643-ADNFCR


Securities Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a financial lawyer who may evaluate your Securities claim at no cost or obligation.


Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Click to learn more about

Request Legal Help Now! - Free