A B.C. bookkeeper has been fined $25,000 and permanently barred from any business activity related to penny stocks after regulators determined he “willfully aided and abetted” in the fraud committed by his client Avtar Dhillon, a former prominent Vancouver stock promoter.
One of those offshore shell companies was 0903759 B.C. Ltd, controlled by Jumani but one whose assets were beneficially owned by Dhillon, according to the commission. Via 50 transactions, Jumani sold $783,500 worth of stock and disbursed it to One World Ranches LLC and One World Farms Inc., companies owned by Dhillon.
Bookkeeper says he was victim of Dhillon's fraud Reached by phone at his business, Jumani told Glacier Media that at the time of the deals he did not have any information from Dhillon on what the stocks were; he said he informed the commission he never profited from those sales. “I’m kind of a victim,” he said, describing the settlement as a “black mark” on his 40-year bookkeeping career.