According to a Globe and Mail article, a Minden property owner has been sanctioned in a false stock promotion case out of BC. According to the article, Erwin Speckert hired a man by the name of Colin McCabe to write reports about three stocks. The British Columbia Securities Commission panel said McCabe took millions of dollars by writing false statements to make stocks look better. The article said Speckert arranged the funding for McCabe.
Moose FM has confirmed that Speckert owns a property on Bob Lake in Minden Hills. The panel has banned him for five years from acting as a stock promoter in the securities industry, among other bans including managing or consulting.
According to the Globe article, Mr. McCabe inaccurately wrote that Guinness had found one million ounces of recoverable gold in a Yukon property and said its shares could increase tenfold within a year.