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Post by stevepot99 on Jun 11, 2010 1:50:25 GMT -5
Key developments for CMKM Diamonds, Inc. Alberta Securities Commission Seeks Orders Against Former CMKM Diamonds, Inc. CEO Urban Casavant 03/2/2010 The Alberta Securities Commission (ASC) is seeking orders against former CMKM Diamonds, Inc. CEO Urban Casavant as a result of a judgment rendered against him by the United States District Court, District of Nevada. The judgment found that Casavant contravened U.S. securities laws in connection with trading in CMKM Diamonds, Inc. securities. In addition to imposing various conditions and restrictions upon Casavant, the Court ordered him to pay approximately $65.7 million in disgorgements, penalties and interest. ASC staff allege that CMKM Diamonds, Inc. sold and issued securities to several Alberta investors. Based on the United States District Court judgement, ASC staff alleges that it is in the public interest to seek orders permanently banning Casavant from trading in securities, using Alberta securities laws exemptions and acting as an officer or director of any issuer. It is anticipated that an ASC panel will consider this matter in April 2010.
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Post by stevepot99 on Jun 11, 2010 1:52:27 GMT -5
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Post by mrsam on Jun 13, 2010 18:46:09 GMT -5
^^ i don't think it's old age...i think it's more to do with the slow progress
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