someone knows about canadian law?



ORIGINAL POST
Posted by whitecatbj 19 yrs ago
i want to ask something

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COMMENTS
Havefaith 19 yrs ago
What is your question?

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whitecatbj 19 yrs ago
company suies it's ex ceo made fake assay report issued in stock market. so what will the punishment to the ceo? jail? compensate?

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Havefaith 19 yrs ago
I am not sure what is a "fake assay report". In any event, if a company sues its ex CEO, it is a civil action. Under civil actions, if damages and liabilities can be proved then it will be a matter of compensation for damages suffered.


Having said that if the matter involves a fake report issued to the VSE or TSE, then the Commission may also want to lodge its own proceedings. Under Canadian Securities Laws, if the Commission can successfully prove liabilities of the CEO (amounting to fraud or gross negligence), then it could mean jail time and/or fine.

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whitecatbj 19 yrs ago
thanks lots for your explaining


it is a mining company, the assay report for the drilling samples, he and general manager faked it.

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Havefaith 19 yrs ago
Like Bre-X?

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whitecatbj 19 yrs ago
sorry don't understand you


take a look of this link



http://www.swgold.com/s/NewsReleases-2007.asp?ReportID=204822&_Type=News-Releases-2007&_Title=Update-on-Southwesterns-Properties

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Havefaith 19 yrs ago
Here is a link about Bre-X:


http://en.wikipedia.org/wiki/Bre-X

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whitecatbj 19 yrs ago
yes like bre-x. ex ceo made millions canadian dollars after the fake assay report issued, the stock price rised up from 3 to more than 30





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