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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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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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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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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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Here is a link about Bre-X:
http://en.wikipedia.org/wiki/Bre-X
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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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