Montréal - The Autorité des marchés financiers ("AMF") has launched a penal proceeding against Richard Diotte and France Veer. It has filed 36 charges against them and is seeking $311,000 in fines.

The AMF investigation revealed that Richard Diotte and France Veer solicited a number of individuals for the purpose of investing in Global Finishing Inc. ("GFI"), which wanted to raise funds to operate gold mines in Ecuador.

The individuals were told that the investment in GFI would be profitable. They did not receive a prospectus, and Richard Diotte and France Veer were not registered with the AMF.

Based on the evidence gathered, 153 individuals invested approximately $1,044,685 in the project. Their losses have yet to be determined.

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

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