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"All of the respondents were involved in perpetrating a systemic massive fraud on Alberta and other investors, involving a complicated web of domestic and offshore corporate and other entities, bank accounts and offerings," the commission said Friday. "Investment fraud is reprehensible and completely unacceptable capital-market misconduct; instances of fraud in the capital market severely threaten the public's confidence and sense of fairness in the whole of our capital market." The case centres around a now-defunct company called Arbour Energy, which the ASC says illegally raised $45.5 million from investors. Arbour was led by Dennis Morice, who, according to the ASC decision, considered himself a "bit player" and "cog" in a scheme led by Milowe Brost and Gary Sorenson - two men charged in a separate high-profile alleged Ponzi scheme in 2009. Morice faces the smallest penalty of the three men - a $150,000 fine, an order to pay $50,000 to cover the cost of the investigation and hearing and a variety of bans. Arbour itself faces no financial penalties, but it's been barred from trading in and purchasing securities, among other things. In its decision, the ASC said Brost's misconduct was "the most egregious" of the three men. Brost led the Institute For Financial Learning, which he claimed was an "information club" but the ASC contends was really used to sell investors stock in Arbour and other entities connected to Brost. Brost has been fined $3 million and ordered to pay $85,000 in costs, the second-highest fine against an individual in ASC history. IFFL must pay back $10 million of the funds it gained from the fraud and pay $85,000 in costs. "We conclude Brost has not recognized the seriousness of his misconduct and the devastating consequences that he caused to Alberta and other investors. These circumstances heighten the need for severe sanction," the ASC panel said in its decision. Sorenson led a private Alberta junior mining company called Merendon, whi

The epic proportions of the illegal mining scam that was uncovered by the Karnataka Lokayukta in its 2011 report may actually have been just one act of a much larger, more complex and multi-layered drama. There is now new evidence to suggest that the Lokayukta's final report on illegal mining - a political game-changer that sent the powerful to jail and catalysed a regime change in the state - is just one part of the mining story. A six-month-long investigation by The Hindu, with help from whistleblowers in the Railways, the Karnataka Commercial Taxes Department and the CBI, points to losses to the State exchequer between January 2006 and December 2010 that are, at the very least, Rs. 1 lakh crore or eight times the estimated figure given in the Lokayukta report. The investigation also shows that the State lost Rs. 2,000 crore in commercial taxes. The new information suggests that the dominant narrative on illegal mining, namely, that illegal ore was mainly exported to China to feed an infrastructure boom triggered by the Beijing Olympics, is actually a very partial telling of the mining scam story. The new data with The Hindu furthers the depth and reach of the mining scam, a part of which was so exhaustively covered in the Lokayukta report. http://blackhawk-mining.com/

BLACK HAWK MINES: BLACK HAWK MINES PRESERVATION AND PROMOTION OF MINING Blackhawk Mines Corp. to Commence Initial Work Program on Big Bear Mining Claims in San Bernardino : Blackhawk Mines Corp. to Commence Initial Work Program on Big Bear Mining Claims in San Bernardino OCALA, FLORIDA - JULY 21, 2011 (IMMEDIATE RELEASE) - Blackhawk Mines Corp., B06.F, WKN Number - A1H52M, ISIN Number - CA08265A1003, website - www.bentleyfairview.com is pleased to announce that the Big Bear Mining Claims initial work program will commence within the next three weeks. Black Hawk Mines Bulletin | Preservation and promotion of mining ghost towns. : Black Hawk Mines Bulletin | Preservation and promotion of mining ghost towns. Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday. Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans Black Hawk Mining Articles | Preservation and promotion of mining ghost towns. : Black Hawk Mining Articles | Preservation and promotion of mining ghost towns. BLACK HAWK MINES: SMALL TOWN SUFFERS FROM GOLD HEIST Posted on May 2, 2012 by blackhawkmines 2 Votes Decades ago, huge quantities of gold was being pulled from this town, making it one of the richest place in California. DSCR reacts to international conspiracy - NBC12.com-Richmond, VA News, Weather, Traffic & Sports : DSCR reacts to international conspiracy - NBC12.com-Richmond, VA News, Weather, Traffic & Sports CHESTERFIELD, VA (WWBT) - For the first time, the Commander at the Defense Supply Center of Richmond (DSCR) is speaking out about an international conspiracy that sent a serial fraudster to prison for life. Those involved say the scam could have put our troops in harms way had it not been caught blackhawk mines corp: About Gold : blackhawk mines corp : About Gold Gold is a dense, soft , shiny me