Hamilton man to pay in penny stock ruling

Two Canadian men, one of them from the Hamilton area, have been ordered to pay a million dollars in penalties for their role in an alleged international penny stock fraud.

Sandy Winick, formerly of Stoney Creek, and Gregory Curry are also permanently banned from securities trading, being an investment dealer, fund manager or corporate officer of any company. Winick is in his fifties and Curry, in his sixties.

The two men also face numerous charges in the U.S. connected to alleged fraud schemes that bilked 140-million-dollars from tens of thousand of victims in dozens of countries.