Diversified Oil and Gas Holdings (DVFI)

[Ajor1]

Ivan Carvic (notice the mention of the notorious Rakesh Saxena):

Regarding Mr. Ivan Carvic, he comes up in a legal document with other players from BIGN including Americo de Rossa. Now Kelly shows up in other places with Americo, (NADE > TGVI > NDCLF) so this is not good, IMO. It seems to stink around here.

***Taub’s Involvement with Rakesh Saxena
10. During the Material Time, Taub opened numerous accounts at Brant Securities Ltd.
(“Brant”) for the following individuals and entities:
a. Tidewater Management Corp., (“Tidewater”), a corporate entity controlled by
Rakesh Saxena, (“Saxena”). Saxena was referred to Taub by another one of
Taub’s clients, Harvey Rubenstein (“Rubenstein”);
b. Amrit Sarup, (“Sarup”) who is Saxena’s mother. Saxena had trading authority
over Sarup’s account;
c. Rubenstein;
- 6 -
d. Ivan Cavric, (“Cavric”) a business associate of Saxena and Rubenstein whom
Taub considered to be the “dealmaker” for these individuals;
e. Fred Kimber, (“Kimber”), a business associate of Cavric.
f. Americo de Rosa, (“De Rosa”), a business associate of Cavric.
g. Join Kind Ltd., (“Join Kind”), a corporate account over which Saxena had trading
authority.
11. Tidewater, Saxena, Sarup, Rubenstein, Cavric, Kimber, Rosa and Join Kind engaged in
trading activity which appeared to be or was consistent with market manipulation or
deception. Trading activity in the securities of Wavetech Networks Inc. (“Wavetech”),
Millenium Equities Limited (“Millenium”), Digital Cybernet Corporation (“Digital”) and
Armac Capital Corp. (“Armac”) exhibited characteristics that should have caused to Taub
to ensure that the trading activity was not manipulative or deceptive.***

http://www.offshorebusiness.com//message_board_detail.asp?id=16653&page=1

Document:
http://www.ida.ca/Files/Enforcement/HearingAndParticulars/HP200510210_en.pdf

BIGN: $0.025

Ajor1