The noose is tightening around Dr. Philippe Couillard and Dr. Hans Black,fraud
Otherc harges were filed on the sale of shares of Amorfix when he was Chairman of the Board
The IRS has filed new charges Amorfix against the company for fraud that would have occurred when Philippe Couillard there was Chairman of the Board.
The Securities and Exchange Commission (SEC), the US federal agency responsible for the regulation and supervision of financial markets to states UNite, has expanded file new charges of fraud against the Montreal portfolio manager Hans Black.
According to a lawsuit filed yesterday morning, Hans 62,Black,faces expanded use in the United States for the sale of shares Penny stocks type.
The alleged fraud involves selling shares of four small Canadian companies including Amorfix Life Sciences.
Philippe Couillard, current Prime Minister of Quebec, was chairman of the board of directors of that company from 2010 to 2012, would have occurred either during fraud.
Fraud
Hans Black was on the board of directors at his side. He left the board in 2014.
Our Bureau of Investigation had revealed in March that a lawsuit for fraud was filed against Black and his company, Interinvest Asset Management, the New Hampshire Bureau of Securities Regulation.
Two savers and a church were identified in the application as victims of Black.
Several victims
According the SEC, which investigated the case, Black would have mademany more victims among its clients.
Black and Interinvest "invested more thanmillion $17 of the customer money in penny stocks companies never disclose a material conflict of interest.
"Black was reimbursed for at least $ 1.7 million of expenditures by companies, including Amorfix, without telling its customers, according to the SEC.
It would, in exchange for funding, claimed reimbursement of expenses to his advantage.
sumptuous meals
"The payments Zurmont [a Black firm] has obtained Tyhee, and Wi2Wi Amorfix used primarily to repay expenses for trips and lavish meals eaten at over 80 business trips, "says the SEC.
The SEC points out that, of the 17 million invested, $ 12 million have literally evaporated. Neither penny stocks was profitableand their value collapsed.
The fraud is all the more serious, according to the SEC, that Black had lied to clients and had deliberately ignored the instructions they had given him.
The Black had told investors want to place their money in safe investments and preservatives.
Black also faces lawsuits of $ 15 million in Quebec. It is already in default on some settlement agreements concluded there are some months with aggrieved investors.
The integrity of our Supreme Commander Dr. Philippe Couillard
It is essential for survival. If one night directly or indirectly, it disintegrates. Any harm that one inflicts draws in our life or that of others, negative consequences.
It is therefore important to take care of itself and its environment, without any moral consideration, taking into account the effects of his actions.
It is therefore important to take care of itself and its environment, without any moral consideration, taking into account the effects of his actions.
For this it is necessary to be aware of the different areas of that integrity and the elements that constitute them. For example: in the field of physical integrity, if I wear shoes that hurt my feet, I harm my integrity. Another example: in the field of political integrity is to line their pockets at the expense of tax payers values..
Integrity also implies strict adherence to a code of moral It also implies that we be honest in our work. This integrity must be reflected in our relationships with our clients and colleagues and the decisions we make every day.
Le Journal de Montreal 18 Jun 2015 Jean-François Cloutier
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