The British Columbia Securities Commission published a panel decision finding that Vancouver-based Core Capital Partners Inc. and four people associated with it carried out a pump-and-dump scheme that artificially inflated share prices and created a misleading appearance of trading activity in two B.C. reporting issuers between 2017 and 2019, in breach of the Securities Act. The affected issuers were Block One Capital Inc. (formerly Essex Angel Capital Inc., now AI Artificial Intelligence Ventures Inc.) and Integrated Cannabis Company, Inc. (formerly CNRP Mining Inc., now Leef Brands Inc.). The panel found Kamaldeep Thindal, Amandeep Thindal and Yazan Al Homsi knowingly engaged in conduct resulting in artificial prices in both issuers, and found Aarun Kumar (also known as Aaron Rai Kumar) knowingly engaged in conduct resulting in an artificial price of Block One. The scheme involved tactics including concealing control of the issuers, distributing misleading news releases and arranging misleading promotional campaigns. Allegations relating to Reliq Health Technologies Inc. (formerly Moseda Technologies Inc.) were dismissed, as were allegations against Pardeep Luddu and Mani Chopra. The Executive Director and the respondents were directed to make submissions on sanctions.
British Columbia Securities Commission 2026-01-21
British Columbia Securities Commission panel finds Core Capital Partners and associates ran a pump-and-dump scheme in two B.C. reporting issuers
The British Columbia Securities Commission found Core Capital Partners Inc. and four individuals guilty of a pump-and-dump scheme that inflated share prices and created misleading trading activity for two B.C. issuers between 2017 and 2019, violating the Securities Act. Allegations against Reliq Health Technologies Inc. and two individuals were dismissed, and submissions on sanctions are pending.