September 29, 2008 Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down today in the Court of Québec (Criminal and Penal Division), district of Saint-Jérôme, Judge Paul Chevalier found Stevens Demers guilty on the 346 charges brought against him by the Autorité des marchés financiers (AMF) in March and August 2007. The AMF is satisfied with the guilty verdict, which recognizes the merit of the overwhelming evidence it presented.

Under this decision (pdf - 639 KB)This link will open in a new windowUpdated on April 26, 2018Jugement de la Cour du Québec (available in French only), Stevens Demers was found guilty of violating the Securities Act (R.S.Q., c. V-1.1) (the "Act") by:

• aiding United Environmental Energy Corporation and Enviromondial International Vanuatu Inc. with the distribution of shares in United Environmental Energy Corporation without a prospectus approved by the AMF, thereby violating  11 of the Act (173 counts);
• aiding United Environmental Energy Corporation and Enviromondial International Vanuatu Inc. in pursuing activities as a securities dealer without being registered as such with the AMF, thereby violating section 148 of the Act (173 counts).

The fines being sought in the statement of offences issued in March and August 2007 included prison terms and fines totalling over $2.5 million plus costs. Sentencing hearings are scheduled for November 12, 2008.

At the request of the AMF, Québec Superior Court appointed Jean Robillard from the firm Raymond Chabot Grant Thornton as provisional administrator on September 15, 2008 to administer the assets in the matter of Enviromondial.

Stevens Demers and Enviromondial Inc. have been the subject of numerous court decisions and orders.

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

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Information:

Media only:
Sylvain Théberge: (514) 940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337

Additional news

• December 1^st, 2010 Enviromondial - Nathaly Demers fined $416,000
• July 5, 2010 Enviromondial - Second prison term for Stevens Demers
• January 18, 2010 Enviromondial - Stevens Demers found guilty of 64 new charges
• September 9, 2009 Enviromondial : AMF appealing sentence against Stevens Demers
• August 5, 2009 Enviromondial : Stevens Demers sentenced to
  2 1/2 years in prison and fined over $1 million
• September 23, 2008 Enviromondial - Provisional administrator appointed
• May 6, 2008 Enviromondial - AMF launches penal proceedings against Nathaly Demers
• February 27, 2008 Enviromondial Inc. - AMF asking for additional prison term - 64 new charges against Stevens Demers
• October 18, 2007 Enviromondial - Appeal of Stevens Demers dismissed may not act as director or officer
• October 1^st, 2007 Enviromondial inc. - BDRVM dismisses objections to cease trade orders
• August 30, 2007 Enviromondial - Further prison term sought against Stevens Demers
• June 21, 2007 Appeal by Stevens Demers dismissed
• March 5, 2007 Enviromondial - AMF files 162 charges against Stevens Demers / Seeking $1.2 million fine and prison term
• December 18, 2006 Freeze against Enviromondial lifted
• September 18, 2006 Renewal of freeze order against Enviromondial
• June 28, 2006 Renewal of freeze order against Enviromondial
• April 10, 2006 Renewal of freeze order against Enviromondial - Partial Lifting for Benefit of Shareholder
• January 11, 2006 Renewal of Freeze Order Against Enviromondial
• October 26, 2005 Freeze order against Enviromondial extended
• July 28, 2005 Freeze order against Enviromondial extended
• May 9, 2005 Freeze order against Enviromondial extended
• February 24, 2005 Court confirms legality of freeze order against Enviromondial
• December 15, 2004 Stevens Demers found guilty
• November 26, 2004 BDRVM Extends Freeze Order Against Enviromondial
• August 31, 2004 Bureau de décision et de révision en valeurs mobilières extends freeze order against Enviromondial
• June 25, 2004 Prohibition from acting as a director sought against Stevens Demers
• May 20, 2004 Stevens Demers pleads guilty to 33 counts
• April 23, 2004 The Autorité des marchés financiers puts an end to a contempt proceeding in the enviromondial file
• March 10, 2004 The Bureau de décision et de révision en valeurs mobilières extends the freeze order against Enviromondial
• March 9, 2004 Special rule ordering six people to appear to answer a contempt of court charge in the Enviromondial matter