Illegal Practice and Illegal Distribution of Shares in Corporation Evolutra - AMF files charges against 5 individuals and 2 companies
Securities
Montréal - The Autorité des marchés financiers ("AMF") has launched a penal proceeding against five individuals and two companies in connection with the illegal distribution of shares in Corporation Evolutra to Québec, Canadian and foreign investors. Investor losses totalled over $1,500,000.
More specifically, the AMF has filed 12 counts against Carol Voyer, a former financial markets professional as well as the president and shareholder of "Il faut beaucoup de patience inc." The AMF alleges that she aided with the illegal distribution of shares (10 counts) and illegally stated that the shares would be listed on an exchange (two counts). Carol Voyer faces a minimum penalty of $52,000. In 2012, she was sanctioned by the Investment Industry Regulatory Organization of Canada 
This link will open in a new window and in 2014 by the Chambre de la sécurité financière This link will open in a new window. Her company, "Il faut beaucoup de patience inc.," is charged with three counts of aiding with an illegal distribution and faces a minimum fine of $15,000.
Three counts have also been filed against Pasquale Schiavone, a former securities dealer. The AMF charged him with aiding with an illegal distribution of shares in Corporation Evolutra (two counts) and illegally declaring that the shares will be listed on an exchange (one count). Pasquale Schiavone faces a minimum fine of $11,000.
Robert Leo Benvie, president and director of 6389848 Canada Inc. (dba Financing B2BFinancing B2B should not be confused with the subsidiaries of Laurentian Bank B2B Bank, B2B Bank Financial Services and B2B Bank Intermediary Services.), is charged with three counts of pursuing illegal activities as a dealer, aiding with the illegal distribution of securities and illegally stating that shares will be listed on an exchange. He faces a minimum fine of $7,000.
Yves Besner, president of Evolutra, is charged with two counts of aiding with the illegal distribution of securities and faces a minimum fine of $10,000.
Michel Antille is charged with two counts of aiding with the illegal distribution of securities and pursuing illegal activities as a dealer. He faces a minimum fine of $6,000.
Finally, Financing B2B is charged with 33 counts of aiding with the illegal distribution of shares in Corporation Evolutra (17 counts) and pursuing illegal activities as a dealer (16 counts). It faces a minimum fine of $101,000.
Update
On January 29, 2019, the AMF withdrew the charges filed in February 2014 against Robert Benvie and 6389848 Canada Inc.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.
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