Decisions and Freeze and cease trade orders Securities
Montréal – In a decision rendered on May 20, 2005, Judge Claude Leblond of the Court of Québec (Criminal and Penal Division), judicial district of Montréal, declared Michel Maheux to be guilty on the count brought against him by the Autorité des marchés financiers (AMF).
Mr. Maheux faced one count for refusing to remit documents required by the investigator appointed by the AMF to conduct an investigation. He was ordered to pay a total fine in the amount of $1,000, plus costs.
Mr. Maheux was previously condemned to:
- serve a prison term on March 22, 2005 for contempt of court;
- pay a fine in the amount of $222,000, plus costs, after being found guilty on 74 counts on May 11, 2005.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.
— 30 —
Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, dial 9 for English, then dial 1 for industry
Consumers and investors: (877) 525-0337, dial 9 for English, then dial 2 for consumers
- Two penal proceedings instituted against Michel Maheux
- Autorité des marchés finanicers obtains interlocutory injuction in the matter of coopérative de producteurs de bois précieux Québec Forestales and Michel Maheux
- Prison term for Michel Maheux
- Michel Maheux guilty on all 74 counts
- AMF obtains permanent injunction
- Maheux's Superior Court appeal dismissed
- Michel Maheux guilty of contempt of court
- Michel Maheux sentenced to 21 days in prison
- Third prison term against Michel Maheux for contempt of court
- Michel Maheux given fourth prison term for contempt of court