May 1^st, 2008 Decisions and Freeze and cease trade orders Securities

Montréal – On  21, 2008, Québec Court Judge André Perreault (Criminal and Penal Division), district of Montréal, found Constantin Dean Caros guilty on the 13 charges filed against him by the Autorité des marchés financiers (AMF) in 2004. The judge also ordered him to pay a fine of $25,000 plus costs.

Constantin Dean Caros faced 13 charges for violating the Securities Act (R.S.Q. c. V-1.1) (the "Act"):

• by aiding, by act or omission, Biagen Technologies Inc. and Manavest Consultants Inc. in making a distribution of a form of investment governed by the Act, namely, debt securities of the above-named companies, without a prospectus approved by the AMF, thereby violating sections 11 and 208 of the Act (3 counts);
• by acting as a securities dealer and adviser without being registered with the AMF, thereby violating section 148 of the Act (9 counts);
• by giving an undertaking relating to the future value of the securities of Biagen Technologies Inc., thereby violating section 199(3) of the Act (1 count).

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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