"Frauds of this nature have a destabilizing effect on the economy and shake investor confidence in the capital markets. This particular matter had a devastating effect on the micro economy in the small town of Harrow. Thirty people lost their jobs and investors lost a substantial amount of money", said Superintendent Kevin Harrison, the Officer in Charge of Toronto IMET. He added, "We hope that the laying of criminal charges in this case sends a clear message to perpetrators that the IMET's will aggressively investigate complaints of this nature and, with the assistance of the Attorney General for Ontario, vigorously prosecute the offenders. We also hope that the restraint of the properties, a first for the IMET Program, will send a message to fraudsters that we will also pursue their ill gotten gains."
Integrated Market Enforcement Teams are also located in Vancouver, Montreal and Calgary as part of the Government of Canada's strategy to combat serious capital market fraud in Canada.
For further information: Sgt. Marc LaPorte, RCMP "O" Division Media Relations, Office: (519) 640-7302, Cell: (416) 992-4409
Just think; Now Petar will have more time to work on the 'financials'. And folks like Red and 12ring can send him stamps and commissary. I'd give a canadian dollar for his signature on a sljb cert. This is good news. I wonder why I don't feel better about it?
the Royal Canadian Mounted Police arrested and charged Petar VUCICEVICH, age 43, of Harrow, Ontario, with two counts of Fraud
Awesome!!! The RCMP nails Black Pete Vucicevich on the same day the SEC announces they are going for Turino's jugular! Great day for penny stock scammers.
Great stuff. Sadly the only way for the punishment to truly fit the crime is if they strip him of all worldly possessions and throw him on the street naked and homeless.
I am VERY HAPPY to see it! Good Luck to all those who lost money here. Eventually we ALL get whats coming to us. What goes around comes around because we reap what we sow. Take care! Coach
Fantastic! News at last something to discuss other than each other! I will continue to follow this with much interest as always. Bernard Madoff here in the states is also someone to follow. I still continue to hold and see no reason to sell now. I just continue to wish the best of luck to each and everyone. Justice is what I have been waiting for all this time. Now we can continue, I know that these are random thoughts so I apologize in advance. It is just the relief that I feel now that something is beginning to happen. I always want to believe the best about people now we shall see. Good luck
Need Help-Can someone send me the guidelines for "Worthless Stock Status" If sures seems to me that SLJB would fall in that category. Somewhere I read that one could right off the entire investment amount (only if you did not sell prior-which I have not). JMHO