The accompanying official statement was distributed by the U.S. Branch of Equity, Government Department of Examination (FBI) on Aug. 31. It is recreated in full beneath.

Colleague U. S. Lawyer Aaron P. Arnzen (619) 546-8384

NEWS Delivery Synopsis - Aug. 31, 2022

SAN DIEGO - San Diego-based corporate and securities attorney Andrew Coldicutt is charged in a federal grand jury indictment with securities fraud in connection with a pump-and-dump scheme.

Coldicutt showed up in government court on Friday, Aug. 26, 2022.

As per the charges in the prosecution, Coldicutt worked with others from 2017 through 2019 to plan and execute a siphon and-dump stock extortion conspire. Coldicutt thought the people with whom he was working were related with an obscure flexible investments. In all actuality, he was working with secret FBI specialists and sources gathering proof against Coldicutt, the prosecution said.

To do his part in the plan, Coldicutt made a joke organization and a plan of action - which evidently centered around patio natural product collecting - and ready and recorded enrollment explanations with the SEC for a first sale of stock of the organization's stock. As indicated by the prosecution, the enlistment articulations contained bogus and deceiving data about the organization, its marketable strategies, and individuals who claimed and controlled the organization.

"Corporate legal counselors and different guardians in the protections business possess a place of trust and certainty," said U.S. Lawyer Randy Grossman. "This examination and arraignment signal the US's obligation to safeguarding the uprightness of the financial exchange, and the honest financial backers who are misled by penny stock misrepresentation plans." Grossman said thanks to the indictment group for their superb work on this case.