Monday, April 3, 2023

Disgraced lawyer Faiyaz Ahmad Dean banned from securities in B.C.

Faiyaz Ahmad Dean was a B.C. lawyer when he got involved in the stock fraud business. Dean was busted by the U.S. Securities and Exchange Commission in 2018 for assisting a pump-and-dump stock fraud involving a company called Biozoom Inc. The scam involved $34m in proceeds. Dean also faces criminal charges in the U.S. related to Biozoom. In its decision in B.C., a securities commission panel noted that Dean’s misconduct was extremely serious. The K9 continues to be 'a serious risk to investors and British Columbia’s capital markets.' Faiyaz Dean was connected to Vancouver securities lawyer Penny Green of Bacchus Law.