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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE

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To: Danny Grant who wrote (198)	3/10/1999 6:39:00 PM
From: Stan Treacher	Read Replies (1) of 1690

Cannacord sued by investors!! Thought you might find this interesting. The Vancouver Sun reports in its Wednesday edition that United States investors in a stock scheme orchestrated by former Seventh Day Adventist pastor Gary Stanhiser have filed lawsuits in California and Washington state against him and a string of related parties. Reporter David Baines says that heading the list of defendants in both actions is Vancouver-based Canaccord Capital, which allegedly helped Mr. Stanhiser funnel investors' money to offshore companies for reinvestment in public companies, most listed on the Vancouver Stock Exchange. The plaintiffs claim they did not receive their shares or recover their money, and they are suing for fraud, breach of contract, breach of fiduciary duty and violation of the Racketeer Influenced and Corrupt Organization Act, commonly know as the RICO Act. The investors' money was pooled and used to buy large blocks of stock in Kensington Resources, Samex Mining, IMA Resource, Golden Hat Resources and other companies. (

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