Stock market manipulator sentenced

Toronto, October 21, 2011 - In Ontario Superior Court today, Petar Vucicevich was sentenced to 3 years of imprisonment after pleading guilty to two counts of fraud. The fraud charges were laid against Vucicevich in December 2008 by the RCMP's Integrated Market Enforcement Teams in Toronto following a 23 month investigation.

The investigation began following a referral from the Ontario Securities Commission. The two fraud charges, one count for fraud over $5,000, the other for fraud affecting public market, related to allegations that Vucicevich orchestrated and participated in the market manipulation of the shares of Sulja Bros. Building Supplies Ltd., a small lumberyard located in Harrow, Ontario. For more information on the RCMP's IMET investigation, please see CNW.

The IMET Program prevents, investigates and supports the prosecution of serious Criminal Code capital markets fraud offences that are of regional or national significance and that threaten investor confidence or economic stability in Canada. A backgrounder on the IMET program is available.