|"The Ontario Securities Commission is formally accusing troubled Chinese timberland company Sino-Forest Corp. and several former executives of lying to investors and attempting to mislead investigators.|
The regulator filed the fraud allegations on Tuesday against the company and its founder and former chief executive Allen Chan, as well as against Albert Ip, Alfred Hung, George Ho and Simon Yeung."
|Some are saying this here TRE-X is missing 90% of whatever the hell it was supposed to have exactly and do the accused have two cents to rub together for a lawyer? |
Rest easy there citizen ...
"Sino-Forest Corp. (TRE) insiders, including former Chief Executive Officer Allen Chan, sold C$81 million ($83 million) of shares since the end of 2006, regulatory filings show.
|Lassoed some real big whale types with this here freakin dopey yarn and the take would make most of our Venture type criminals look like common garden pooh tossers.|
So whoop dee doo. Even the bazillionaires get shorn like the rest of us now and then.
|So everybody has a favourite so called "analyst", and we have loved to hate Mr. Richard Kelertas for his long running verbal stupidity from Dundee during the Tre-X scamola. Its one thing to be a paid apologist for a wicked large scam and quite another to dismiss the allegations as "complete krap" the instant they appear.|
|So it's Allana Potash - AAA.t where our guy lands eh? Pffft. Of course we humans are far from perfect but DAMN. This kind of wicked large dopey brain cramp is almost too much to stomach.|
| Before that order came down Mr. Kelertas had this to offer ...|
“We are going to provide you with some information on why Muddy Waters research is a pile of crap,” said Richard Kelertas, an analyst at Dundee Capital Markets, during a conference call he held with clients on Tuesday afternoon. “We believe there’s nothing true in that report.”
This blogger identified the obvious problem early on ...
"First on the public interest radar should be the all too cozy relationship between the auditor signing off on the apparently bogus financials that everybody is relying on and a bloated BoD with more alumni from Ernst and Young LLP than keys to the executive washroom.
|Thomas M. MaradinVice-President, Finance (Corporate)|
Joined Sino-Forest in 2005; previously worked five years for several multi-national corporations in financial reporting and internal control, regulatory compliance and system upgrading; previously worked fifteen years for Ernst & Young LLP, providing professional services in audit, taxation, risk management, strategic and business planning.
James (Jamie) M.E. Hyde, CA, C.Dir
Director since 2004; previously Vice President, Finance and Chief Financial Officer, GSW Inc., Executive Vice President and Chief Financial Officer, Resolve Business Outsourcing Income Fund, Former Partner, Ernst & Young LLP, where he provided for 24 years a board range of professional services to public and private companies.
Garry J. WestJoined the Board in February 2011; former Partner at Ernst & Young; With 35 years of extensive financial experience including auditing, corporate restructuring, public financings and strategic planning initiatives for a number of major organizations; Director and Chair of the Audit Committee for two other TSX-listed companies; Fellow of the Ontario Institute Chartered Accountants.