United American Corp. (UAMA)

[65actual]

Learn about criminal UAMA CEO! This from the SEC 10KSB Report of December 31 2007. As it turned out the appeal resulted in upholding all original charges plus three (3) more. Quote follows:
"On October 8, 2004 the Autorité des marchés financiers (the “AMF”) launched penal proceedings before the Court of Québec (Criminal and Penal Division) against, our former CEO and CFO, Benoit Laliberté, in the matter of Jitec Inc. Benoit Laliberté faces 48 counts and is liable to fines totalling $1,760,180. He is accused of insider trading in the securities of Jitec Inc., while having privileged information about the company, thereby violating section 187 of the Securities Act (the “Act”), assisting Jitec Inc. in making a misrepresentation in press releases in violation of section 196 of the Act, and failing to file a report disclosing a change in his control over the securities of Jitec Inc., which is a reporting issuer, in violation of section 97 of the Act. On February 22, 2008, Mr. Laliberté was found guilty of 33 counts for improperly filing publicly his personal changes of position with his stock of the company, as well as 4 counts of insider trading. Sentencing is scheduled for June 25, 2008. Mr. Laliberté is appealing the decision."