Biller, jailed in the huge B.C. fraud, now faces U.S. SEC allegations that he helped run illegal stock trading in Colombia.
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A key player in the $175 million Eron Mortgage scandal, B.C.’s biggest fraud case, faces charges by the U.S. Securities and Exchange Commission, the agency revealed this week.
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Francis Biller, known in his Eron days as Frank Biller and one of only two figures to serve jail time in that scandal, is accused in a civil fraud case of being involved in a boiler-room operation based in Medellin, Colombia, that U.S. authorities allege netted US$58 million.
Biller and four other defendants — fellow Canadians Raymond Dove and Troy Gran-Brooks, American Chester Alvarez and Dutch national Justin Plaizier — are charged with running pump-and-dump penny-stock promotions from the Medellin operation between 2016 and 2018 to defraud investors in the U.S. and Canada.
“These scam artists went to great lengths — using bogus companies, aliases and spoofing phone numbers — to defraud and mislead investors into a pump-and-dump scheme,” said Paul Levenson, director of the American…
