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Gold/Mining/Energy : Royal International Venture RIL.V (was Labrador Int'l LAB) -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (3025)	12/31/1998 11:10:00 AM
From: Eashoa' M'sheekha	Read Replies (2) \| Respond to of 3380

Labrador Retriever Sniffs Out The Internet ....Or................ The Surfer tracks down B.C. Net stock scams 'I went undercover': Net gives fraudsters access to the entire world Tony Wanless...... Da Probince Colin Price, Da Probince / Dennis Paulley surfs the Net in search of investment irregularities. Internet scamsters, fraudsters and investment con artists, LOOK OUT!! The Surfer Dude is on your trail!! The Dude -- "just call me Surfer, it's easier" -- surfs the Internet regularly looking for fraudulent investment schemes, fake companies, phoney investment tips, and unregistered security dealers. And when this Net detective with a fondness for bleached hair, Silver Surfer comics and other surf references finds something that twigs his interest, he employs a brace of tools to track the perpetrators, and report them to the appropriate authorities. Surfer is the colourful sobriquet for Dennis Paulley, an investigator in the British Columbia Securities Commission's enforcement division, and one of Canada's rare Internet investment crime busters. Under a pilot project revealed recently by the commission, he's charged with tracking down some of the investment fraud artists that are increasingly populating the Net. "Each province and U.S. state has a securities enforcement division, but they're limited to their own jurisdiction," Paulley said. "With the Internet, scams have become international, because the whole world has access. Local commissions can only monitor their own backyards, so we're all starting to co-operate." That co-operation peaked on Nov. 12, when the B.C. commission, the Ontario Securities Commission, and 30 U.S. state regulators combined on Investment Opportunity Surf Day to find Internet investment scams. Regulators analyzed hundreds of tips and 1,000 e-mail messages and tracked some of the investments. The resulting "portfolio" showed losses that sometimes reached 20% in a single day. Paulley, who took part in Surf Day, generally looks for any unregulated investment based in B.C., his jurisdiction. But when he runs across a scam or illegal activity based somewhere else, he logs it and reports it to the appropriate regulator. "I'm coming across a lot of trivial stuff, such as unregistered securities dealers, but there is also a lot of suspicious activity. "I recently found one that had no phone number and no address, just an e-mail address. I eventually tracked it back to B.C." Paulley, who's supposed to devote only 50% of his investigative time to the Net, but often logs far more on his own, admits to still learning the tricks involved in navigating the often anarchic Net. But he's discovered a lot of online tools to help him and has come up with a few tricks himself. For example, when he first started tracking investment messages, he found a site that he couldn't get into because it used a sophisticated blocking program that combed out anyone using a government computer. So, he started working from his home computer, acting just as a member of the public would. And the Surfer was born. "I guess you could say I went undercover. I wanted to find the same scams that were being used on the public." ************************************************************** Happy New Year Dudes And Dudetts. And look out for that Labrador Retriever,eh! Yuk Yuk Yuk..........<g>