West Vancouver resident Justin Liu has agreed to pay the B.C. Securities Commission a $950,000 fine after admitting his participation in a multimillion-dollar consulting scheme involving nine penny stock companies was “abusive to the capital markets.”
The commission’s executive director Peter Brady had previously alleged Liu to be one of two “primary architects” of the “cash-swap scheme,” which was first disclosed in a November 2018 commission hearing notice against over three dozen “purported consultants” and corporate entities he dubbed the Bridgemark Group — the largest group of respondents in the commission’s history.
According to the agreed facts in a Feb. 21 settlement agreement, Liu and his two companies participated in
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