TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: scouser who wrote (27228)	2/13/2000 1:58:00 PM
From: Jim Bishop	of 150070

Check this out in the Vancouver Province vancouverprovince.com Hold the phone: Cops Market Mounties probe allegations of fraud and forgery Wendy McLellan, Staff Reporter The Province A phone service company that shut down last week has triggered an RCMP investigation into fraud and forgery allegations that could involve millions of dollars and victims around the world. "This was not just a business going under -- there's more going on here," RCMP Cpl. Grant Learned said yesterday. After Delecom Communications Ltd. left companies throughout the Lower Mainland without phone, fax and Internet service on Thursday, police received information that led them to search three offices operated by Pay Pop Inc. and its subsidiary Delecom Communications, Learned said. On Friday, the market group of the RCMP's commercial crime unit seized nine computers and five boxes of files. Both Delecom and Pay Pop buy bulk phone lines wholesale and resell them to businesses. The investigation was prompted by "allegations of fraud, forgery and uttering forged documents in relation to stock certificates obtained by the company," police said. Even though the investigation is still in its early stages, police are reporting the investigation quickly to alert people before stock markets open tomorrow, Learned said. The market had closed Friday when the search was initiated, he said. Pay Pop is not listed on a national stock exchange, but is publicly traded on the over-the-counter bulletin board. Head office for Delecom Communications is listed in Aldergrove. Learned said regulatory agencies in Canada and the U.S. have been notified of the investigation. No arrests have been made and no charges have been laid. "There are potentially millions involved and the number of potential victims is completely unknown, but we expect it to be very significant," he said. The stocks were traded worldwide, but mainly in Canada and the U.S. The company is also believed to have offices outside B.C.

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