To: forbrydelsen who wrote (39405 ) 11/19/2015 5:28:39 AM From: ayeyou Respond to of 49402 Some good DD on SLC co-founder Cameron Chell by a member on Stockhouse would indicate that the so called"offer" by a ghost company with a ghost CEO could well be just a continuation of past bad practices. Extreme caution is warranted... SLC Cameron ChellCo-FounderHave you ever googled "chell corp fraud"? Or Cameron Chell fraud? He's been caught doing pump and dumps before. His partner ended up in jail and the company named after him (Chell Corp) got delisted by the Nasdaq. I've cut out an excerpt from the globe and mail (there's a link if you want to read the story). I also cut out an excerpt from stockwatch in 2002 (again, there's link if you want the whole story). I have also included a link to the court documents filed in New York. You can read about Chell's involvement in the criminal probe beginning on page 19.theglobeandmail.com From the globe: "A central figure in these transactions is Calgary Internet financier Cameron Brett Chell, who, in 1998, paid a $25,000 fine to the Alberta Stock Exchange and agreed to a five-year trading ban in an unrelated case. The exchange alleged that unauthorized trades were executed for Mr. Chell's clients and, in one case, a client's account records were rerouted to Mr. Chell's post-office box. Later, Mr. Chell co-managed the VC Advantage Fund with Mr. Valentine and controlled the Nasdaq-listed Chell Group Corp., a troubled technology holding company in which Thomson Kernaghan and its hedge funds are major investors. According to OSC allegations, in March Mr. Valentine moved Chell Group shares between the hedge funds and his own account at Thomson Kernaghan on terms that saw him reap large profits to the detriment of the hedge funds, which were owned by the firm's clients and employees."rgmcom.com From Stockwatch: "Chell Group's chairman nabbed in boiler room raid by Brent Mudry Canada StockWatch December 18, 2002 In the latest setback for Chell Group Inc., one of Mark Valentine's favourite penny stock promotions, chairman and long-time director Adrian P. Towning has been arrested in a joint Canada-U.S. crackdown on allegedly fraudulent cross-border telemarketing schemes. Mr. Towning, who replaced founder and controversial promoter Cameron Chell as chairman of Chell Group this summer, was arrested and charged on Nov. 15 after an investigation by Canada's Competition Bureau. Mr. Towning and his associates were targeted in a civil complaint the same day by the United States Federal Trade Commission in a parallel American probe. Mr. Towning and his associates face charges under Canada's Competition Act and Criminal Code in a telemarketing operation which flogged business directories, credit card suppliers and office toner suppliers which were never ordered and often never delivered. The FTC and the Competition Bureau co-operated in the joint probe, assisted by the United States Postal Inspection Service and the Connecticut Attorney General's Office. Federal officials claim Mr. Towning and his associates employed 400 telemarketers in a series of boiler rooms in Ontario and Quebec. The group's U.S. bank accounts and other assets have been frozen by court order in U.S. District Court for the Northern District of Ohio. The telemarketing charges come 4-1/2 months after Chell Group announced on July 1 that Mr. Towning was named chairman in a shakeup it described as a "realignment of its senior management team to more efficiently deal with its operating plan, M&A activity and regulatory management." Company founder and namesake Mr. Chell was stripped of his management control, but kept on board as chief technology strategist. Although not noted in Chell Group's upbeat press release, a week earlier, on June 24, the Ontario Securities Commission released an unflattering statement of allegations against Mr. Valentine, a long-time close associate of Mr. Chell who ruined Thomson Kernaghan, a once-respected Bay Street brokerage. The OSC cited Mr. Valentine's handling of dubious domestic and offshore dealings in three of Mr. Chell's promotions: Chell Group, C Me Run Corp. and Jawz Inc. Another Valentine close associate, Bermuda-based offshore functionary Paul Lemmon, played roles in various Chell promotions. (Mr. Chell is a former director and shareholder of VC Advantage Ltd., the general partner of VC Advantage Fund Limited Partnership, which are two of the prime Valentine-Kernaghan entities probed by the OSC.) Meanwhile, a two-year RCMP-FBI joint undercover probe, inspired by penny stock dealings through Bermuda and Mr. Valentine's legendary shorting prowess, dubbed Bermuda Short, was gearing up for an intricate arrest operation. On Aug. 14, Mr. Valentine and Mr. Lemmon were among 20 Canadians of 60 parties arrested in the Miami-based operation.Mr. Chell has his own baggage. The former broker with McDermid St. Lawrence Securities in Calgary was kicked out of the industry in November, 1998, in a consent settlement with the former Alberta Stock Exchange featuring a five-year ban, strict supervision for two years if he returned, and a $25,000 (Canadian) fine. Mr. Chell was also charged under the Criminal Code of Canada with knowingly causing his assistant to forge a client's account-opening signature. "While the evidence creates a strong suspicion, the inconsistencies and conflicts in the assistant's testimony, the great passage of time and the acknowledged memory lapses all leave some doubt," ruled the Alberta judge, who acquitted Mr. Chell in September, 1999.securities.stanford.edu Above is the link to the District Court of New York documents. Chell's involvement in the scheme begins on page 19. Message 18826197 Read more at stockhouse.com