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RE George Chelekis - it's more likely he went underground when the SEC nailed him for making false statements about companies he'd been paid to tout. In February 1997 Chelekis agreed to pay more than US $162,000 to the SEC after US regulators charged he'd been paid by more than 150 public companies to tout their shares. Chelekis is a liar who lacked any credible background in the junior stock world - he used what knowledge others had to try and appear as an expert when, in truth, he was a shill. He was paid by companies to promote their inflated shares and he was also engaged in a vicious smear campaign to discredit those who exposed his crooked supporters. Just today the Supreme Court of British Columbia has awarded a journalist (David Baines of the Vancouver Sun) $875,000 - the second largest libel award in Canadian history - over the lies that Chelekis told. The libel judgement is against Chelekis ($425,000), a Florida tout sheet, The Bull & Bear ($200,000), that published his lies in print form, and Bob Shore/Market News Publishing ($250,000), a Vancouver-based news service that republished the lies electronically. Of course, with Chelekis having gone underground it may be a challenge getting him to pay up for his dishonesty - but it should be of benefit to all public investors to know that a liar and fraud like Chelekis is out of action. (Another judgement against Chelekis, obtained by myself, will also be pursued.) |
