Is this the same Leslie Price CEO of Medinah Minerals (MDMN)?
The CUMO stock manipulation occurred from 1980 -1982. Mr. Price was disciplined in 1984 for manipulating the stock price of a company called Starburst Energy Corporation. In 1989 Mr. Price was banned from the VSE for 15 years for manipulation of the stock of a company called Carepoint Medical Services Ltd. This manipulation occurred in 1986.
At the same time, Price was “extraordinarily expended” from the Chartered Accountants Association after the result of the above civil suit. The Assoc. was investigating him on another matter at the time, but gave that up and bounced him immediately "for the public's protection". That information is available by calling the Ethics Department of the Chartered Accountants Assoc. in B.C.
Price is no longer allowed to call himself an Accountant, but that doesn’t stop him
PRESS RELEASE B.C. SECURITIES COMMISSION
Neil de Gelder , superintendent of Brokers , today released Orders and Agreed Statements of Facts and Undertakings in respect of Leslie Philip Price and Brian Edward Stanford and their activities with Anglo Securities LTD. and Carepoint Medical Services LTD. Mr. Stanford was a shareholder and the principal of Anglo Securities, a registered dealer and member of the Vancouver Stock Exchange until August , 1986. Carepoint Medical Services was a company listed on the Vancouver Stock Exchange during the same period of time.
The Agreed Statements of Facts and Undertakings outline a course of activities whereby Mr. Price, from January to August , 1986. traded in shares of Carepoint Medical Services through Anglo Securities. This trading was conducted through at least 13 separate trading accounts at Anglo Securities and the trading, which was conducted with the acquiescence of Mr. Stanford, resulted in a misleading appearance of trading activity and an artificial price for the shares of Carepoint Medical Services Ltd. In addition, the orders placed by Mr. price were not settled when they became due and the inability of Mr. price to settle the accounts, in conjunction with other capital deficiencies of Anglo securities, contributed to the financial failure of Anglo Securities in August, 1986.
In 1984, the Vancouver Stock Exchange disciplined Mr. Price by prohibiting him from acting as a director or officer of an exchange listed company for a period of one year as a result of his activities related to a listed company called Starburst Energy Corporation. In addition, a civil judgement including punitive, exemplary and other damages for breach of fiduciary duty was awarded against Mr. Price in 1988.
Mr. Stanford, was disciplined by the Vancouver Stock Exchange in May, 19878 for his activities in relation to trading in the shares of Carepoint Medical services. In the case of Mr. Price, the order issued by the Superintendent of Brokers and consented to by Mr. Price removes his right to trade securities for a period of 15 years. his suitability as an officer and director of a public company has
been removed for a similar period of time.
In the case of Mr. Stanford, the order removes his trading rights and his suitability as an officer and director of a reporting issuer until March 31, 1989.Date at Vancouver this 19th day of April , 1989.
IN THE MATTER OF THE SECURITIES ACTS.B.C 1985, c.83. AS AMENDEDAND
IN THE MATTER OF LESLIE PHILIP PRICE, BRIAN EDWARD STANFORD
and WILLIAM THOMAS LIGHTBODYAGREED STATEMENT OF FACTS AND UNDERTAKING
The following agreement has been reached between Leslie Philip Price (“Price”) and the Superintendent of Brokers (the “Superintendent”);
1. As the basis for orders made pursuant to sections 145 and 145.1 of the Securities Act , S.B.C 1985, c.83 as amended (the “Act”) withdrawing the statutory exemptions of Price and prohibiting price from becoming or acting as a director or officer of any reporting issuer, Price acknowledges the following facts as correct:
a) Brian Edward Stanford (“Stanford”) was a shareholder and
principal of Anglo Securities Ltd. (“Anglo”) and a member
of the Vancouver Stock Exchange ( the “Exchange”) ;
b) Carepoint Medical Services Ltd. (“Carepoint”) at all material
times was listed for trading on the Exchange and William
Thomas Lightbody (“Lightbody”) was a director, officer and
promoter of Carepoint from November 1985 to August 1986;
c) Carepoint issued a Statement of Material Fact with an effective
date of January 27 , 1986 under which it offered 550,000 shares
to the public. Anglo was appointed Carepoint’s agent to offer
400,000 of the shares to the public which distribution completed;
d) during the period from January 1986 to august 1986 inclusive,
Price was authorized to trade in, or in the alternative, was giving
trading instructions for at least 13 separate trading accounts at
Anglo ( the “Trading Accounts”) in which accounts there were
trades in the shares of Carepoint (the “Securities”);
e) during the period from January 1986 to August 1986 inclusive,
Price with the acquiescence of Stanford, directly or indirectly
traded in the Securities. These trades resulted in misleading
appearance of trading activity in and / or an artificial price for
the Securities;
f) during the period from January 1986 to August 1986 inclusive,
Price with the acquiescence of Stanford entered orders for the
securities through the Trading Accounts but did not make full
settlement of the accounts as they became due;
g) the inability of Price to settle the Trading Accounts at Anglo,
in conjunction with Anglo’s other capital deficiencies contributed
to a deficiency in its net free capital position as required by the
rules of the Exchange, leading to the financial failure of Anglo in
or about August 1986;
h) on April 10, 1984, the Exchange decided with regard to the
affairs of Starburst Energy Corp. (“Starburst”), that Price had
purchased warrants of Starburst with the effect of unduly
disturbing the normal position of the market for the warrants
and created an abnormal market condition in which the market
price of the warrants did not reflect their value at the time.
As a result Price was prohibited from acting as director of an
Exchange listed company or as a management consultant to any
Exchange listed company for a period of one year;
i) The Honourable Mr. Justice Taylor in his Reasons for Judgement
dated April 26, 1988, and November 4, 1988 in an action between
Bobby Huff and Ann Donnely v. Price and others, being Action No.
C834847 , found Price liable for punitive, exemplary and
other damages for breach of his fiduciary duty to the plaintiffs.
Price has appealed both the Reasons for Judgement and no date
for the hearing has been set.
2. Price consents to an order of the Superintendent pursuant to sections 145 and 145.1 of the Act in the form of order attached hereto as Schedule “A” ; 3. Price waives his right to a hearing review by the British Columbia Securities Commission pursuant to section 149 of the Act with respect to the order; Dated at Vancouver British Columbia this 14th day of April 1989.
Signed Leslie Philip Price Signed Superintendent of Brokers |
