Western Sierra Resource Corporation (EM) (WSRC)

WSRC: SEC Obtains Final Judgments by Consent Against Colorado Mining Company and Executives in Fraud Case

https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26491

On February 23, 2026, the Securities and Exchange Commission obtained final judgments against Colorado-based penny-stock issuer Western Sierra Resource Corporation (“Western Sierra”), its Chief Executive Officer Roger Johnson, and its Chief Financial Officer Dennis Atkins, whom the SEC previously charged in a litigated action concerning the issuance of false and misleading statements concerning Western Sierra’s alleged purchase of gold mining claims worth billions of dollars.

According to the SEC’s complaint, filed on June 18, 2024 in the U.S. District Court for the District of Colorado, from June 2021 through at least October 2023, Western Sierra, Johnson, and Atkins made materially false and misleading statements concerning the acquisition of certain gold mining rights in multiple press releases; in quarterly and annual submissions filed with the trading platform Over-the-Counter Markets; and on Western Sierra’s website. As alleged in the complaint, Western Sierra, through Johnson and Atkins, claimed it had paid $10 million for an interest in a company that purportedly owned more than 640 acres of Bureau of Land Management mining claims within the State of Nevada. However, the complaint alleges, this company did not own any mining claims, and Western Sierra did not pay $10 million for these purported mining claims.

Without admitting or denying the allegations of the complaint, Western Sierra, Johnson, and Atkins each consented to the entry of a final judgment that enjoins them from violations of the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder. Johnson and Atkins each further consented to a payment of a civil penalty in the amount of $150,000 each, a three-year officer-and-director bar, and a five-year penny-stock bar.

The SEC’s investigation was conducted by Abigail Edwards and supervised by Kimberly Frederick, and Nicholas Heinke, all of the Denver Regional Office. William Connolly of the Enforcement Division’s Office of Investigative and Market Analytics assisted with the investigation. The litigation was led by Jodanna Haskins and Rachel Yeates and supervised by Gregory Kasper and Mr. Heinke.

When is this sucker gonna run? 

$47 Mil in water.rights.$ but not a drop of hope. :(

Glad i never got in. 

There is no good news of any kind..nor will there ever be, This scam is kaput. I warned you all years ago.

lol do you people ever live in reality. This is done.

Deny deny deny! Good news is they have not sold any shares so in it with us. Need them to post some financials and get things moving again. No information on any fronts. Maybe they can get a news letter out now but may take the 5th. Who knows-MAD

Da boyz got to answer questions soon. We will see what they say. I look at assests would like to j ow of water has risen since 2015. My guess is a double or almost triple. We will see best to all-MAD

Wow the stock price finally matches their earnings. :(

Better than by sundown. :)

$WSRC boys have til 8/19 to reply to the sec -MAD

The well ran dry and the gold has been plucked.

Anybody associated with MSL should not assume their legal troubles are over. It might just be starting......

WSRC, out of the scam business...onto the SEC radar

MSL,Out of war eagle lawsuit-MAD

There's no "clean" money here.

Ahhh the OTC and scams. It’s %100 of ‘em. They hide it one way or another. Every single one, or they’d be on the big boards trading legitimately. I picked up on that early trading pinks. I thought everyone knew?!? I don’t recommend anyone trade pinks based on my experiences.

That’s why you have to be a savage, not trade with emotion, and make the money when you see a pattern, regardless of whose money it is/was.

This was one of the few tickers I timed right, more than once💪. Too bad it looks like they really were bad guys and screwed themselves here. You guys were right all along, except one thing… Some good people made clean money trading WSRC😎

Like most scams, investors will get nothing as the money is gone from the pockets of the scam company owners and hidden away in their wife's/kids accounts/property or crypto. But let's be real, people putting money in a clear scam like this were just trying to suck others in for a quick buck and got what they deserved. Couldn't have happened to a worse group of people.

So how does dissolution work? They gonna let the directors walk with all and any assets or do those shares get cancelled out? Next in line with shares make the board? Scott Hastings and company run it out with msl? Need to see how it goes. Big what iffs-MAD

Wow, this post from a year ago really foreshadowed the SEC complaint that was issued today! Promoting the non-existent Sage Hen claims, bogus gold recovery technology, lots of lies in every PR.

They (Johnson and Atkins) have been doing this same game for a decade or longer, with the help of Chaffee and Jenkins. So why prosecute this one??

My bet is that their Twitchell Dam remediation promotion was their big mistake. Brought government agencies into the mix when it was found that MSL was billing for work not done.......and govt investigators got to work. Bottom line....they got greedy.

you were saying Greek????

Thinking we have always known where this company "is at"

Too bad the SEC didn't step in a couple years ago. Now that the company has gone silent with barely any trading, this suspension will not protect any future investors as there never would have been any. But it will help bury the perpetrators of the fraud.

There were lots of idiots. What could possibly go wrong with a serial securities scamming company like WSRC getting a govt. contract?

One mining scam down, dozens to go.

idiot.

SEC Charges Colorado Mining Company and its Executives with Fraud

https://www.sec.gov/litigation/litreleases/lr-26032

Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins

Securities and Exchange Commission v. Western Sierra Resource Corporation, Roger Johnson, and Dennis Atkins, No. 1:24-cv-01705 (D. Colo. filed June 18, 2024)

SEC Charges Colorado Mining Company and its Executives with Fraud

The Securities and Exchange Commission announced today that it filed charges against Colorado-based penny-stock issuer Western Sierra Resource Corporation, its Chief Executive Officer Roger Johnson, and its Chief Financial Officer Dennis Atkins for issuing false and misleading statements concerning Western Sierra's alleged purchase of gold mining claims worth billions of dollars.

The SEC's complaint alleges that for over two years, from June 2021 through at least October 2023, Western Sierra, Johnson, and Atkins made materially false and misleading statements concerning the acquisition of certain gold mining rights in multiple press releases; quarterly and annual submissions filed with the trading platform Over-the-Counter Markets; and on Western Sierra's website. According to the complaint, Western Sierra, through Johnson and Atkins, claimed it had paid $10 million for an interest in a company that purportedly owned more than 640 acres of Bureau of Land Management mining claims within the State of Nevada. In fact, the complaint alleges, Western Sierra did not pay $10 million for these purported mining claims and indeed did not own any mining claims at all.

The SEC's complaint, filed in federal district court in Denver, Colorado, charges Western Sierra, Johnson, and Atkins with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder. The SEC seeks permanent injunctive relief as well as civil penalties as to all defendants, and officer-and-director and penny-stock bars as to Johnson and Atkins.

The SEC's investigation was conducted by Abigail Edwards and supervised by Kimberly Frederick, Nicholas Heinke, and Jason Burt, all of the Denver Regional Office. William Connolly of the Enforcement Division's Office of Investigative and Market Analytics assisted with the investigation. The litigation will be led by Jodanna Haskins and supervised by Gregory Kasper, Mr. Heinke, and Mr. Burt.

https://www.sec.gov/files/litigation/complaints/2024/comp26032.pdf

?!?!

These guys really screwed up when they thought up this scheme to defraud a government agency. They should have stuck with promoting their usual worthless mining claims.

Yea got to know corporate law to understand where this company is at. Maybe you don’t know how to divorce an ole lady either -MAD

Nope. I don't know if they uploaded anything to OTC M after about Feb 2023, when their ruse was being exposed.

No news releases, even on twitter, iirc...

Not that old, less than a year. It basically shows that WSRC (as owners of MSL) is being sued. No wonder they went dark. It would be interesting to see what happened to this case, if it is still active, etc.

No disclosure to investors of course.

Found this on ST...old lawsuit. Nothing new. https://trellis.law/doc/193673383/2023-10-26-complaint-1st-amended-final

This is what happens when scammers get involved with government contracts.

FEMA denied appeal going to arbitration, my guess-MAD

https://stkt.co/0tVaXiU1

At least it's not down 100%. There's still a pulse.

Whoa, whats happening here?

Not just us either looks like campaign interference!-MAD
https://www.washingtonpost.com/technology/2024/05/03/trump-media-auditor-borgers-suspended-permanently/

So wonder why lips are clamped on quarterly’s?? Maybe we can get some fins soon as this should stop any gag orders and give some peace as to why we are dark. I think with 250$ showing in bank account hard to make any financial misrepresentation case-MAD

https://www.sec.gov/news/press-release/2024-51

what are you even talking about? You rode a penny stock scam down to $0/untradeable and it's a win. Ummmmm well played

Jan 29th warning as well as newer warnings. Oh well. :(

Doesn’t matter still win in desolation it’s a win win. Why they shut it down. If they fold didn’t want scabs getting it-MAD

lol going dark, expert market, everyone involved in hiding....it's all part of a 5 year plan huh? Lol

time has told. These guys went dark, ran, and went expert market. There is no big mystery here.

Seeing as they haven't uploaded anything to OTCM for almost a year, I'll again say that WSRC is long gone, never to be heard from again.

Think it’s always been a slow play. 5 year plan. Okay for a flip with news but they are years from getting any momentum -MAD

Good luck. Stranger things have happened in stinkpink land.

I’m not nearsighted as many are-MAD

Time has told. This one is dead and gone....

Maybe time will tell-MAD

You added an extra letter. I think you meant to say Liar when referring to yourself talking about any contract or payment ever coming to a stock that went dark and the owners left the building.