A Vancouver man who failed to turn up for his trial in October to face numerous securities charges in October is now facing a series of additional charges, the British Columbia Securities Commission (BCSC) announced Tuesday.
Won Sang Shen Cho (a.k.a. Craig Cho, Kevin Kim, Jae Hoon Kim), is facing new allegations that he breached an order of the BCSC, illegally traded securities, failed to file a prospectus, and made misrepresentations to investors.
The allegations have not been proven.
Cho was arrested in Toronto on Nov. 20 and returned to Vancouver. He is now in custody, pending a bail hearing, says the BCSC in a news release.
Cho had been awaiting trial earlier this year on 13 charges resulting from an investigation by the BCSC’s Criminal Investigations Branch. He was out on bail while facing these charges, but a warrant for his arrest was issued when he didn’t attend his trial in October.
Cho’s next court appearance is set for Jan. 25, 2019.
The BCSC permanently banned Cho in 2013 after finding that he had previously illegally distributed securities, made misrepresentations and perpetrated a fraud.