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BANKRUPT BANKER

BC regulator alleges $6.4 million investment fraud - News1130

Posted by Fraser Trevor Saturday 25 December 2010

The Rough Guide to Vancouver (Rough Guides)BC regulator alleges $6.4 million investment fraud - News1130: "US man who sold oil and gas investments in Vancouver is accused of running a fraud that took in hundreds of investors. The BC Securities Commission has issued a notice of hearing about Robert Lee Flickinger II, also known as Robert Reynolds.
It says between February 2008 and March of this year, Flickinger sold $6.4 million of limited partnership units to 272 investors. It says he put at least $3.5 million under his personal control and the payments investors received were actually investors' funds.
The commission adds Flickinger used stolen identities, putting them forward as the managers of two companies. The BCSC explains Flickinger has 'a history of US securities regulatory infractions.'
The accusations in the notice of hearing have not been proven."

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