There's always a public hearing....don't be mistaken, the OSC and RCMP don't just head into these things willy nilly without evidence. This one is looking like a slam dunk.
Trading records for example...how do think they came up with the $7.8 million in trading proceeds? "From or about September 2004 to August 2005, Vucicevich set up trading accounts at two Canadian discount brokers using employees of Kore and/or members of the Sulja family as nominees (the “Nominee Accounts”"
Testimony from KPMG and PWC...."The representations made in the press releases described above are untrue. Neither KPMG nor PWC have or have had any involvement with Sulja Bros"
Testimony from Transfer Online...."Between August 2006 and November 2006, Vucicevich and DeVries directed trading in the Nominee Accounts as follows: Sulja Nevada shares were received in large quantities into the Nominee Accounts by journal entry from Transfer Online, a transfer agent in Portland, Oregon, and were thereafter sold from the Nominee Accounts."
"The shares were received into the Nominee Accounts from Sulja Nevada’s treasury either directly or through Kore. In both circumstances, the trading constituted a distribution which requires in each instance the issuance of a prospectus receipt by the Commission for the securities of Sulja Nevada or a proper exemption under Ontario securities law. No such receipt has been issued nor have the Respondents demonstrated the existence of a proper exemption from the requirement, contrary to section 53 of the Act.
Testimony quite possibly from someone(s) that has/have flipped on Petar and Devries...."Vucicevich and De Vries instructed the account holders of the Nominee Accounts when to trade, at what price to trade, and how many shares to trade at a given price."
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