CEO, lawyer granted bail pending appeal in blockbuster Knowledge House fraud
HALIFAX — The mastermind and the enforcer of a sophisticated multimillion-dollar stock market scheme have been granted bail, a day after being sentenced to prison for conspiracy and fraud in one of the most complex cases of white collar crime in Nova Scotia history.
Daniel Potter, the former CEO of the defunct tech firm Knowledge House, and former lawyer Blois Colpitts were released Thursday pending the outcome of an appeal.
The disgraced executives were found guilty in March of conspiracy to manipulate the firm’s share price and carrying out fraudulent activities in a regulated securities market.
Nova Scotia Court of Appeal Justice Cindy Bourgeois signed the bail orders after imposing multiple conditions, including requiring them to hand over their passports, remain in the country and report weekly to police.