People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021.
Andrew Kelly | Reuters
A lawyer for a Minnesota man criminally charged with hijacking multiple dormant shell companies in a pump-and-dump stock scheme abruptly withdrew on Wednesday from a civil lawsuit in which that man sought control of another inactive company based in Florida.
The action by attorney David Rothstein came at a Florida court hearing two days after CNBC revealed that his client, Mark Miller, recently made moves to take control of the company, New World Gold Corp., that resembled Miller’s allegedly illegal tactics used to seize up to seven other inactive shell companies between 2017 and 2019.
New World Gold purportedly is in the mining business. Miller was named a director of the company in May at a shareholder’s meeting, which came after he filed a lawsuit that asked a judge to order that meeting be held.