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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!
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To: Miles who wrote (2526)8/17/1998 12:32:00 PM
From: Mr Metals  Read Replies (3) of 5206
 
Even PREACHERS are SCAMMING investors......LOLSODAMNHARD:-)

Kensington Resources Ltd -
Van Sun says BCSC claims Stanhiser fleeced flock
Kensington Resources Ltd KRT
Shares issued 23,966,435 1998-08-13 close $0.26
Monday Aug 17 1998
See BC Securities Commission (BCSEC) In the News

The Vancouver Sun reports in its Saturday edition, in the first part of a four-part series on Gary Stanhiser of Excel Asset Management, that the British Columbia Securities Commission alleges the preacher fleeced his flock for millions. Reporter David Baines says that brokers working for the most prominent securities dealer on Howe Street and a half-dozen companies listed on the Vancouver Stock Exchange helped the former Seventh Day Adventist preacher-cum-confidence man orchestrate an investment scheme that duped hundreds of investors during 1995 to 1997. Mr Stanhiser funnelled at least $12.3-million of their money into his offshore companies to reinvest in highly speculative stocks that trade on the VSE in Canada and the OTC bulletin board in the United States. Although the BCSC alleges the scheme violated numerous securities rules, no one involved blew the whistle on Mr Stanhiser. He later became the controlling shareholder of Vantage Securities.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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