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Love reading the inane posts here. UAMA CEO is a convicted criminal and found guilty on 41 counts of stock fraud and market manipulation by a competent Quebec Court. Funny that he lost all appeals he made. Funnier that he is back in Quebec with his "Blockdomes". Never paid his fines and maybe Quebec Court will decide to attach or seize "Blockdomes". That will be Justice!
What kind of public company has criminal CEO?
Brilliant convicted criminal CEO. What?
Investors beware! UAMA CEO is convicted criminal. The following updated by the Toronto Globe & Mail on April 26, 2018. This informational post made as a public service to existing or potential investors. Caveat Emptor!
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts.
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
TNW’s responses to the Commission’s questions on these points fully support TELUS’ submissions. TNW states that the sole shareholder is Investel.16 TNW acknowledges that there is common ownership through one or more trust entities between TNW Wireless Inc. and TNW Networks Corp.,17 and between TNW Wireless Inc. and 8640025 Canada Inc.,18 and between TNW Wireless and Teliphone Data Centers Inc. (which TNW claims is a subsidiary of 8640025 Canada Inc.).19
"These material omissions reveal that TNW has been actively misleading the Commission, and this, along with its behaviour throughout this proceeding and related proceedings, should lead the Commission to question the veracity of TNW’s statements and, ultimately, conclude that TNW has no credibility." From submission to CRTC dated October 1, 2018, Telus Corporation.
What kind of company has criminal CEO? Is it a criminal enterprise?
UAMA failed to disclose criminal CEO to SEC and shareholders. UAMA is US public company and exposed to SEC oversight.
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts.
Investors beware! UAMA CEO is convicted criminal. The following updated by the Toronto Globe & Mail on April 26, 2018. This informational post made as a public service to existing or potential investors. Caveat Emptor!
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts.
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
Benoit Laliberte in court a lot these days!
Whose building the business?
UPHOLD JUSTICE! Attention existing and former employees of Navigata-Westel, Teliphone, UAMA, TNW, Investel, etc. The US SEC will pay Whistleblowers 10-30% of any financial penalties. You likely know Benoit Laliberte is a criminal and, if you are able to provide proof, the SEC Whistleblower Program will reward you with 10-30% of any financial penalties levied. This could be worth potentially millions $USD) to a Whistleblower that can provide insider evidence of fraud, misuse of company funds, false or misleading financial reporting, exaggerated press releases, etc. Could potentially put Benoit in a US jail. Call them today at (202) 551-4790
Ignorance level here is astounding. It is not slander if true.
Investors beware! UAMA CEO is convicted criminal. The following updated by the Toronto Globe & Mail on April 26, 2018. This informational post made as a public service to existing or potential investors. Caveat Emptor!
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts.
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
UAMA failed to disclose criminal CEO to SEC and shareholders. UAMA is US public company and exposed to SEC oversight.
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
UPHOLD JUSTICE! Attention existing and former employees of Navigata-Westel, Teliphone, UAMA, TNW, Investel, etc. The US SEC will pay Whistleblowers 10-30% of any financial penalties. You likely know Benoit Laliberte is a criminal and, if you are able to provide proof, the SEC Whistleblower Program will reward you with 10-30% of any financial penalties levied. This could be worth potentially millions $USD) to a Whistleblower that can provide insider evidence of fraud, misuse of company funds, false or misleading financial reporting, exaggerated press releases, etc. Could potentially put Benoit in a US jail. Call them today at (202) 551-4790.
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts.
Fear of the unknown!! True SEC complaint can be filed by anyone. More than my complaint on file. May take a while but worth the effort. Impact to UAMA likely devastating.
Chorus of aggrieved creditors: Lock Him Up, Lock him Up, Lock Him Up, repeat..,
Think SEC, think Benoit Laliberte, think Jail Sentence!
Applaud Benoit Laiberte's dismissal of SEC. Hope he doesn't voluntarily disclose criminal past. Much rather have him in position to face full power of the SEC. Hopefully he'll get the jail time he should have received in Quebec.
Ignorance of SEC appalling. Elon Musk may face jail time as part if SEC action.
Not the way it works with SEC. If and when they determine that UAMA has failed to conform to securities regulations they can and will take any and all steps to file charges including indicting those responsible. Benoit Laliberte should know better. UAMA is a US public company and fully subject to US law.
SEC Complaint filed and accepted. Inane comments on Board.
"...the level of outright market fraud is astounding" See post #2313
UAMA failed to disclose criminal CEO to SEC. UAMA is US public company and exposed to SEC oversight.
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
UAMA failed to disclose criminal CEO to SEC!
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
Check the management team! No wins just losses!
Decay of UAMA is well underway!!!
Do read about the Bankruptcy and the separate Receivership and learn how this tangled web of shell companies has had the value hollowed out of it. Bankruptcy $47M and Receivership has all IP, and Patents in hands of the Receiver. Read about the convicted criminal CEO of UAMA who has never disclosed his convictions for stock fraud and market manipulation to the SEC.
Benoit Laliberte upon conviction after appeal failed to pay fines levied by the court and back tax owed. See Post # 2313
He is apparently still and undischarged bankrupt and has been for close to 10 years. See Post #2313
He has been involved in hundreds of lawsuits and continues to have scores of creditors looking to unwind the layers of corporate shells and trusts he has use to stay one step ahead. See Post #2313
Still in CCAA Proceedings to satisfy debts of approx $47M, nearly two years after filing for bankruptcy protection.
Separately, a Receiver was appointed over Investel Capital Corp the touted parent parent company which owned the technology and is plaintiff in both US and Canada patent lawsuits. See post 2313.
See for yourself BC Court Services Search, the court file is 176978
Investel Capital Corporation held patents, now in RECEIVERSHIP!!!
See BC Court Services Search
Court File is 176978
UAMA cannot tout patents or litigation as court has ordered surrender of all assets of Investel Capital Corporation another Company beneficially owned by Benoit Laliberte, UAMA CEO.
Any talk or suggestion that these patents can benefit UAMA is nonsense. Read the Court File. It alone is the truth. All other claims are or statements are misrepresentation at best and fraudulent claims at worst. SEC copied on this posting.
UAMA CEO guilty, guilty, guilty & sentenced!!
From Toronto Globe & Mail
CP (Canadian Press)
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
UAMA failed to disclose criminal CEO to SEC!
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
No evidence UAMA disclosed to SEC!
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
Globe & Mail says UAMA CEO found GUILTY!!!
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
Benoit Laliberte upon conviction after appeal did not pay fines levied by the court nor back tax owed. See Post # 2313
He is apparently still and undischarged bankrupt and has been for close to 10 years. See Post #2313
He has been involved in hundreds of lawsuits and continues to have scores of creditors looking to unwind the layers of corporate shells and trusts he has use to stay one step ahead. See Post #2313
Still in CCAA Proceedings to satisfy debts of approx $47M, nearly two years after filing for bankruptcy protection.
Separately, a Receiver was appointed over Investel Capital Corp the touted parent parent company which owned the technology and is plaintiff in both US and Canada patent lawsuits. See post 2313.
See for yourself BC Court Services Search, the court file is 176978
Toronto Globe & Mail on UAMA CEO!
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
https://www.theglobeandmail.com/report-on-business/former-jitec-ceo-convicted-on-41-charges/article17981215/
No evidence UAMA disclosed convicted criminal CEO!
UAMA in violation of 17 CFR 229.401 - (Item 401) Directors, executive officers, promoters and control persons.
(f)Involvement in certain legal proceedings. Describe any of the following events that occurred during the past ten years and that are material to an evaluation of the ability or integrity of any director, person nominated to become a director or executive officer of the registrant:
CP
PUBLISHED FEBRUARY 22, 2008
UPDATED APRIL 26, 2018
The former head of Jitec Inc. was convicted yesterday of insider trading and deceiving investors while pumping up the value of his now-defunct Montreal high-tech firm. A judge found Benoit Laliberte, 35, guilty on 41 of 48 counts of breaking Quebec's securities laws. Quebec's securities regulator will seek about $1.5-million in fines plus costs from Laliberte for manipulating share prices while the company was listed on the Montreal Stock Exchange. Thirty of the convictions were for failing to disclose changes in Laliberte's control over Jitec shares. The rest of the counts were for insider trading, deceiving investors in news releases and inflating the value of contracts
Caveat Emptor: Risk Factors? Are there any regulatory factors that are potential impediments to success?
Caveat Emptor: If crypto is the big promise for the future why don't they focus on it? What are the other businesses and what measurable progress has been made on any of them in past year?