B.C. Securities Commission settles with man, company for more than $4 million

VANCOUVER – The British Columbia Securities Commission says it has reached a nearly $4.2 million settlement with a man and his company for misleading shareholders and misusing investor funds for personal expenses.

The commission says in a news release that William Meikle and his company Hit TV Brands will pay close to $3.7 million for the amount fraudulently raised from investors, and an additional $500,000 for the settlement.

The regulator says Meikle was a B.C. resident and led the company that was incorporated in Alberta, which sold products including “JUICE”-branded batteries and a lubricant product called “MotoGator.”

The commission says Meikle and the company “fraudulently used” $1 million of investors’ funds for personal expenses, which allegedly included a rent-to-own luxury hom