Canadians named in US fraud case arrested in Thailand
NEW YORK CITY (AFP) - Police in Thailand have arrested the last two suspects in what American officials are calling one of the biggest international penny stock frauds ever investigated.
In a statement Tuesday, the United States (US) Attorney's Office said Sandy Winick, 55, and Gregory Curry, 63, both Canadians, were apprehended in the Thai capital Bangkok where they face extradition proceedings.
Winick is the alleged kingpin of the securities fraud that is said to have bilked investors in some 35 countries of more than US$140 million (S$180 million).
A total of nine Canadians and Americans have been indicted in the case. Six were arraigned in US courts last week while a seventh was picked up in the Canadian province of Ontario.