Decisions and Freeze and cease trade orders Securities
Montréal – On June 28, 2010, Judge Jean Sirois of the Court of Québec, district of Terrebonne, handed down a second prison term and new fines totalling $240,000 on Stevens Demers, one of the founders of Enviromondial Inc.
In January 2010, Stevens Demers was found guilty on 64 counts of illegally pursuing activities as a securities dealer and aiding with an illegal distribution. In view of this guilty verdict, Judge Sirois handed down a three-year prison term and imposed fines of $192,000 for aiding Enviromondial Inc. and United Environmental Energy Corp. with illegal distributions on 32 occasions between February 2003 and May 2005. The judge also fined him $48,000 for illegally pursuing activities as a securities dealer on 32 occasions during the same period.
Stevens Demers was found guilty in September 2008 of 346 offences under the Securities Act and is currently serving a 30-month prison term. Judge Sirois ordered that the new three-year sentence be served concurrently with the first sentence and that the $240,000 fine be added to the $1,297,000 of previously imposed fines.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
— 30 —
Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337
- Stevens Demers pleads guilty to 33 counts
- Prohibition from acting as a director sought against Stevens Demers
- Stevens Demers found guilty
- Enviromondial - AMF files 162 charges against Stevens Demers / Seeking $1.2 million fine and prison term
- Appeal by Stevens Demers dismissed
- Enviromondial - Further prison term sought against Stevens Demers
- Enviromondial - Appeal of Stevens Demers dismissed may not act as director or officer
- Enviromondial Inc. - AMF asking for additional prison term - 64 new charges against Stevens Demers
- Enviromondial Inc. - Stevens Demers guilty on all 346 charges
Enviromondial : Stevens Demers sentenced to
2 1/2 years in prison and fined over $1 million
- Enviromondial : AMF appealing sentence against Stevens Demers
- Enviromondial - Stevens Demers found guilty of 64 new charges
- Enviromondial - Nathaly Demers fined $416,000