Wichtig! Donner Minerals/Globenet Res. und andere Explorerer - 500 Beiträge pro Seite

[SoWhat]

Guten Abend,

räume grad meine Mails und dabei fiel mir die nachfolgende auf. Sollte sich jeder durchlesen, der in Aktien investiert, wo die genannten Personen ebenfalls aktiv sind.

B.C. Securities Commission - Street Wire

BCSC takes Seifert to court in Patterson probe

Also Donner Minerals Ltd (DML)
Also Sleeman Breweries Ltd (ALE)

by Brent Mudry

Disgraced Vancouver lawyer Michael Seifert, fined $450,000 last December and effectively kicked out of the securities industry for 12 years, now faces a court wrangle over his lack of full co-operation with the British Columbia Securities Commission`s offshore probe into prominent Howe Street promoter David Patterson, his long-time associate. In a petition filed Tuesday in the Supreme Court of British Columbia, the BCSC seeks a court order to compel Mr. Seifert to answer sensitive questions about controversial offshore share dealings linked to Mr. Patterson, over which the lawyer claims privilege for his mysterious offshore clients. While the BCSC`s broad Patterson probe covers the promoter`s offshore share dealings from 1994 to 1997 in five companies listed on the former Vancouver Stock Exchange, including his Voisey`s Bay flagship, Donner Minerals Ltd.,
Mr. Seifert is refusing to answer questions regarding Consolidated
Platinum, renamed Allied Strategies Inc. Allied changed names to Sleeman Breweries Ltd. in May of 1996, after a reverse takeover and a 5:1 rollback. Mr. Patterson, who is vigorously fighting a BCSC citation issued last December, is the third of four targets in the commission`s Channel Islands Ryco/Integro investigation. The Ryco probe has sent broad ripples through Howe Street, the centre of dealings on the former VSE, the exchange dubbed Scam Capital of the World by writer Joe Queenan in Forbes magazine a decade ago. While offshore account holders have long been shielded from exposure, a number of offshore jurisdictions, unhappy with the growing perception of being havens for insider dealings and money laundering, have opted recently to co-operate with authorities in Canada, the United States and other countries. "Of course an offshore account is only offshore because it is intended to cheat the tax department, money launder, or insider trading," panel chairman Barry McLoughlin told a VSE hearing last year, probing the dealings of former Pacific International Securities broker Jean-Claude Hauchecorne, who handled offshore accounts for U.S. mobsters Phil Gurian and Phil Abramo, a capo in the DeCavalcante family. Mr. Hauchecorne, fined $295,000 by the VSE and banned for life in June of 1999, was also given a 20-year ban by the BCSC two weeks ago. The P.I. broker frequently knowingly accepted collect calls from jail from notorious stock fraudster Eric Wynn, but claimed he thought his well-publicized client, accused of market manipulation, broker intimidation and organized crime connections, was in prison just for tax evasion. Officials in the Channel Islands enclave of Jersey, an offshore haven off the coast of the United Kingdom, were particularly helpful in cracking the Arakis Energy case, opening the doors and the books of offshore trusts and piercing the previously-invincible veil of secrecy. The BCSC`s No. 1 Channel Islands target, Terry Alexander, the controversial Howe Street promoter of Arakis and Delgratia Mining, was fined $1.2-million in February of 1999 and banned for 20 years in a negotiated settlement. The No. 2 target, Mr. Seifert, the once-respected prominent Vancouver securities lawyer, agreed on Dec. 17 to a $450,000 fine and a 12-year ban on making any filings to the commission or the new Canadian Venture Exchange, for his key roles in offshore share stuffing and shuffling in Mr. Alexander`s Arakis scandal in 1995, then one of the biggest stock collapses in Canadian history, and several other VSE promotions. Despite Mr. Seifert`s admissions of guilt, and the consent settlement, a Canadian precedent, the Law Society of B.C. has not yet drafted any citation or disciplinary notice against him, and he remains a member in good standing. Mr. Seifert has been involved in a stable of OTC Bulletin Board shells with his close New York legal associate Joseph Sierchio. On Dec. 21, a few days after the Seifert settlement, the BCSC unveiled its No. 3 target, Mr. Patterson. The fourth target, prominent Vancouver stock promoter Doug Mason of Clearly Canadian Beverage Corp., was exposed in early July, when the BCSC filed a court challenge against Mr. Seifert`s law firm, Maitland & Co., in a bid to thwart the cloak of privilege enshrouding Maitland`s top-secret dossier on Mr. Mason`s alleged offshore holding company, Forthdale Investments Ltd., also known as "JC573." The Mason matter has not yet been heard in court, although Maitland filed an appearance on Aug. 11. The contents of the dossier, known as "file number 94258," remain a closely-guarded secret, although Clearly Canadian notes Mr. Mason strongly rejects the commission`s allegations and he is eager to clear his name. In its latest court challenge, the BCSC hopes to get a judge to break Mr. Seifert`s silence on a number of sensitive questions relating to Mr. Patterson. While the BCSC launched its Patterson prosecution on Dec. 22 with a formal
notice of hearing, the commission has now released its underlying
investigation order, signed June 29, 1999, by chairman Doug Hyndman. The order reveals the probe covers the promoter`s dealings in accounts at two Vancouver brokerages: National Bank`s Pacific International and Bank of Montreal`s Nesbitt Burns, allegedly trading shares of Donner, Crazy Horse Industries Inc., NDT Ventures Ltd., Allied and Zicor Mining Ltd. through an account in the name of Bray International. Crazy Horse`s other backers include former P.I. brokers Michael Patterson and Dirk Rachfall, who face New York jail sentences after April guilty pleas of securities fraud in dirty-promoter-turned-informant David Houge`s Mafia boiler-room promotions, which featured members of the Colombo family and New York`s Russian Bor mob. Donner`s other backers include Mr. Seifert and his wife, and secretive Swiss financier Carlo Civelli, a well-placed player of countless VSE deals. Allied was quite a favourite of fugitive Thai financier Rakesh Saxena, now holed up in Vancouver under $500,000-a-year self-financed house arrest, awaiting a decision in the lengthy extradition battle launched after he was arrested in Vancouver in 1996 in the wake of Stockwatch revelations, for his alleged key roles in massive frauds in the $2-billion (U.S.) collapse of the Bangkok Bank of Commerce, a scandal which helped topple the Thai government and trigger the country`s economic collapse. The Patterson probe focuses on the promoters dealings through Bray
International Ltd., a British Virgin Islands company, which was
incorporated in 1990, and administered by the Ryco Trust, and later the Integro Trust, on Jersey in the Channel Islands. Ryco and Integro assigned Bray the code number "JC516." After building its Patterson probe for a year, the BCSC came knocking on the door of his lawyer, Mr. Seifert, on June 7, with a formal invitation for an interview on June 14. Mr. Seifert appeared on the appointed date, accompanied by his own counsel, respected criminal defence lawyer Marvin Storrow, who is also retained by Maitland to assert potential solicitor-client privilege on the top-secret Forthdale dossier, and who bailed Mr. Rachfall and Mr. Patterson from a Seattle jail last year after their ill-fated golfing trip with the well-wired Mr. Houge. In the court petition, Sasha Angus, the BCSC`s director of enforcement and chief litigation counsel, notes that Mr. Seifert complied with the summons to the extent that he showed up for the formal chat with investigators, but he refused to answer certain questions on the basis of solicitor-client privilege. The sensitive questions to which Mr. Seifert has refused to provide answers cover four main issues. The first is whether Mr. Seifert was authorized by Mr. Patterson to deal with Ryco/Integro, a third party, on Mr. Patterson`s behalf. The second is whether Mr. Seifert was authorized by Mr. Patterson to exercise the share purchase warrants received by Bray as part of its participation in a private placement of Consolidated Platinum, a third
party, at the time of Cons. Platinum`s reorganization into Allied
Strategies.
The third is whether Mr. Seifert was authorized by Mr. Patterson to agree on behalf of Bray that the allocation of Allied shares to Bray by Ryco/Integro was fair, in a meeting held at Maitland`s Vancouver offices between Mr. Seifert, Mr. Patterson and a Ryco/Integro trust officer, in June of 1994. The fourth line of questioning is whether Mr. Seifert was authorized by Mr. Patterson to approve the taking of a loan by Bray from Insco Holdings Ltd., a third party. In court-filed excerpts of Mr. Seifert`s June 14 interview, the disgraced securities lawyer was extremely cautious in his answers. When asked about a phone call he had with Ryco director Michael Fielding about the transfer of funds to exercise warrants of Cons. Platinum, Mr. Seifert was reluctant to confirm whom he represented. "I was more of a conduit just providing information," Mr. Seifert told BCSC investigator David Martin and Robert Abrams, a manager of investigations. Mr. Seifert did assert that in this call he was not representing Bray, Forthdale or two other Ryco accounts: Cardogan Ltd. and Slade Securities. "So there must be some other clients out there. Is that what you`re saying?" Mr. Martin asked. "You said who. A corporation can`t phone me, so it has to be a person," replied Mr. Seifert. After a time-out huddle with Mr. Storrow, Mr. Seifert declined to offer specifics. Mr. Seifert also went mum on JC516, or Bray, the Ryco account through which Mr. Patterson allegedly secretly traded. "And we see JC516, who would have agreed or recommended on behalf of JC516 that that would have been fair?" Mr. Martin asked. "I don`t think I`m
allowed to comment on that," Mr. Seifert replied, asserting
solicitor-client privilege.
Mr. Seifert was marginally more helpful on questions regarding Bray twice asking Insco for a loan. "In that instance of a loan between Insco and Bray, who would have been the persons who agreed that that would take place?" asked Mr. Martin. "I can answer half of that. Subject to the trustees agreeing to it, the advice or recommendation could have come from myself in that, that, Insco and because of solicitor client/privilege, I can`t mention the other side," Mr. Seifert replied. Left unstated is whether a loan from Insco to Bray may have effectively been a loan from Mr. Seifert to his client Mr. Patterson. Insco was incorporated in another offshore haven, the British Virgin Islands, on Aug. 9, 1990, with legal title vested in Ryco as trustee of the Seifert Trust. The Vancouver securities lawyer agrees that from September of 1989 through September of 1995, he periodically gave instructions to Ryco and Integro for trading through his Seifert Trust Insco in shares of VSE companies, including Delgratia, Dencam, Allied and Arakis. Mr. Patterson`s own troubles trace back to the same offshore dodge which tripped up Mr. Seifert, in Jersey in the Channel Islands. The BCSC claims the stock promoter, who set up a secret Jersey account in September of 1990, exactly one year after Mr. Seifert set up his own secret account in the same house, traded shares of Donner, Crazy Horse, Allied, Zicor, Consolidated Valley Ventures and Prairie Rose Resources, but repeatedly forgot to make any disclosure to either securities regulators or the general public. In its offshore probe, the BCSC discovered that in September of 1990, the VSE stock promoter set up the D. Patterson Trust through Ryco in Jersey. The Patterson Trust was also known as JT167, in reference to Jersey Trust, not Mr. Alexander, also known as J.T. Alexander. Ryco served as trustee of the trust, with Mr. Patterson nominating his wife, his daughter, his parents and his parents-in-law as beneficiaries. The same month he established the account, Mr. Patterson allegedly directed Ryco to acquire Bray International, a holding shell in the British Virgin Islands. (Readers wishing more details in the Patterson probe may refer to Street Wires dated Dec. 21, 1999, and Feb. 9, 2000, under the symbol BCSEC, while the Mason probe is noted in Street Wires dated July 6, July 12 and July
13.)

Also immer schön aufpassen

Good luck

sowhat

[Neono]

Hallo SoWhat
Die Sache ist schon etwas älter und Patterson wurde freigesprochen, bzw mit einer Verwarnung entlassen. Ist doch bestimmt schon drei Jahre her, oder? Brent Mudry darf sich in Vancouver Howe Street nicht sehen lassen, aber er macht gute Arbeit!


Dir auch good luck


Neono

[SoWhat]

Hallo Neono,

richtig, die Mail stammt vom Aug. 2000, die Offshorefirmen dürften aber immer noch existieren

Good luck

sowhat

[Nasdok]

Hallo SoWaht,

Es ist wirklich Schade wenn Internet Foren so wie dieses hier dazu benutzt werden nur halbe Stories in den Raum zu stellen, wie in Deinem Thread, die als einzieges Ziel haben Dreck herumzuschleudern.

Es sollte Dir klar sein das Solche unvollständigen und zur Verunsichrung führende Beiträge wie dieser, uns als Investoren in die Irre führen. Vor allem aber diskreditieren sie Dich, wenn Sie nur so subjektiv beleuchtet sind wie dieser.

Wenn ich mich recht erinnere wurde diese Story im Sommer schon mal durchdiskutiert. Ich meine die Beiträge kamen damals auch schon von Dir? Ich kenne den Hintergrund von dem Du sprichst, denn ich habe mich letzten Sommer schlau gemacht, bevor ich in Donner investiert habe.

Du stellst hier in diesem Thread eine negative Story über den Herrn Patterson dar, lässt aber dessen Ende vollkommen aus. Schade. Du lässt natürlich auch aus das wir hier eigentlich von ziemlich kalten Kaffee sprechen. Auch schade.

Zu den Fakten, es ist richtig das die BCSC (British Columbia Security Comission) das Handeln von Herrn Patterson vor 6 Jahren überprüft hat. Herr Patterson hat als Direktor einer anderen Firma Aktien gehandelt, während er Direktor bei Donner war. Weil er eben Direktor von Donner war hätte er eben Formell richtig auch seine Handelsaktivitäten für diese andere Firma Berichten müssen. Er hat eingestimmt dafür $40,000 zu bezahlen. Er wurde aber von der BCSC nicht bestraft. Es handelt sich aus meiner Sicht hier also um einen technisches Fehlverhalten und nicht um ein Verhalten bei dem es darum ging nicht ahnenende Investoren “abzuzoken”. Wäre das der Fall hier, wäre die BCSC ganz anders mit Herrn Patterson umgegangen.

Überraschend ist vo allem das die BCSC darüberhinaus folgende aussage über Herrn Patterson gemacht hat: “At no time did the BCSC allege that Mr. Patterson was involved in trading on the basis of undisclosed inside information”

Quelle: BCSC Dokument 2000/45C. Schade das Du diese Fakten in Deinem Thread nicht beleuchtet hast.

Der Fall wurde vor 3 Jahre geschlossen. Es handelt sich also um echt kalten Kaffee.

Darüberhinaus hast Du weiterhin spekuliert das Offshore Firmen von Herrn Patterson existieren. Mit dieser Aussage begibst Du Dich nun wirklich schon rechtlich auf Glatteis, denn ich glaube nicht das Du irgendeinen Fakt in dieser Richtung hast der diese Spekulation unterstütz. Sei Vorsichtig mit dem was Du da schreibst und bitte bei Deinen weiteren Beiträgen gib uns doch die vollständige Story.

Mfg,

Nasdok

[Neono]

Policy Documents
News Releases

Subject: Correction
Amendments:
Published Date: 11/09/2000
Effective Date: 11/03/2000

Released: 11/03/00 Contact: Dean Pelkey
NR 00-45C [phone] or
(BC only) 1-800-373-6393

Vancouver -- A BC Securities Commission news release issued Oct. 17 may have inadvertently conveyed the impression that Vancouver stock promoter David Michael Patterson was fined $50,000 for trading securities based on inside information.

At no time did the BCSC allege that Mr. Patterson was involved in trading on the basis of undisclosed inside information.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province.





Neono

[morchel]

...und ich hab es seinerzeit in der Vorstellung von Donner ausdrücklich erwähnt!



morchel

[SoWhat]

Hallo Nasdok,

ich habe lediglich eine alte Mail hier mal reingestellt und habe nicht vor mit Dreck rumzuschleudern. Mir hat der Patterson nichts getan. Vielleicht anderen, als er wissentlich bei einer Präsentation in Frankfurt gelogen hat. Ist im entsprechenden Thread nachzulesen. Ich war übrigens auch dort und kenne die Vorgänge

Wo begebe ich mich denn auf rechtliches Glatteis. Weil ich in einem Diskussionsforum meine Meinung poste? Fakten habe ich allerdings noch nicht, weil ich noch nicht gegraben habe, allerdings sagt mir mein normaler Menschenverstand und längjährige Geschäftstätigkeit, dass man solche Firmengebilde nicht einfach aufgibt.

Um eine vollständige Story zu erhalten brauchen wir auch andere Poster, wie Dich z.B.. Bin ja nicht allwissend

Good luck

sowhat