Medinah Minerals (MDMN)

[jetpilot1101]

Very interesting post from an alternate MDMN forum courtesy of "cornhuskergold" and "seashell". I haven't followed all the links yet but will when I return from playing soccer.

Seashell wrote:
Found this dated April 23, 2013. No idea who the author is or if the information is accurate. Take it FWIW. What I found most interest is:

"When Johan Ulander moved to Dubai, he had what i understand just left prison in Finland, where he served for several terms of imprisonment, the maximum of 7 years, for various fraud and economic crime."

networkedblogs.com/Kz3Zm

Johan Ulander, Conventus Mining and Amaranth

It appears to me that due to the recent IGE / KPMG thing J. Ulander has attracted the attention of some (alternate?) media like realtid.se and some bloggers and now some of his past dirty laundry is being aired on the internet. But there are also a few older records available referring to this past.

I'm not going to spend much more time trying to follow all of it. But I don't think the above statement is completely correct. But it does lead back to an even bigger mess in the past centered in Finland. My take after reading two reports referring to Finnish court cases[1] is:

1. Remember J. Ulander is originally from Finland.

2. In the 1990 - 1993 period, being only in his mid-20's, he was somehow caught up in a case related to the "great real estate scam" in Finland. Being so young one would guess he was not the primary actor but it was enough to get him in big trouble. Apparently he was mixed up with some characters notorious in Finland.

3. In 1997, he was convicted of 16 felony accounts including fraud, accounting offenses, security violations, etc. He received a 7 year prison sentence. It is not clear if he started serving or not from these sources. But it seems implied that he did.

4. In 1999, another case somehow related to the first was brought in Finnish district court against him for felony fraud and aggravated forgery. The court decided the previous sentence was harsh enough to cover these crimes also.

5. In 2000, the courts dropped the original 7 year sentence to 5 years.

6. The Finnish prosecutor then decided the second case was no longer sentenced appropriately given the reduction of sentence for the first case, so he appealed the second case to a higher court. In Dec 2001, the court decision in the 2nd case was overturned. The matter was returned to the lower courts for re-sentencing. 11 mos was the sentence received for the 2nd case.

7. In 2004, J. Ulander moved to Dubai.

And in a nice concise and pleasant summary from 2002 (10 years ago):

Quote:
In the first case Ulander partners sold the two properties by concealing the buyers that they had already been sold on. The second was a case of fraud Ulander commissioned by a property owner of counterfeit notes, which he gave as a pledge for its own debts.


The man loves to pledge shares for cash, dude. Is the man reformed? You decide.

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1. www.kauppalehti.fi/5/i/talous/uutiset/avoinarkisto/trindex.jsp?xid=36091&date=1997/12/22 and
http://www.kaleva.fi/uutiset/kotimaa/ulanderin-uusi-tuomio-pysyi-hovioikeudessa/475608/