United American Corp. (UAMA)

[65actual]

CAVEAT EMPTOR. Clear violation of SEC Rules? UAMA failed to disclose to SEC, CEO's criminal record. Undertake careful due diligence.
Follow the evidence and Mr. Laliberte's appointment to position as UAMA CEO. Smoking guns are the 8-K report of May 12, 2008 as compared to the conviction dates of Benoit Laliberte in the Quebec Court beginning on February 21, 2008. Evidence is documentary, clear and unambiguous. They claimed "NO" on convictions etc. in the prior five years. Yes, boys and girls that's misrepresentation of the facts and fraud. Serious enough to be a convicted criminal CEO, but very serious to be so without publicly disclosing to the SEC and UAMA shareholders. I expect an indictment of Mr. Benoit Laliberte at some point. Could this lead to incarceration in the USA?

CP (Canadian Press)
PUBLISHED FEBRUARY 22, 2008 (Toronto Globe & Mail)
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!