Language

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

CEASE TRADE ORDER ISSUED AGAINST A SASKATOON MAN FACING FRAUD CHARGES

Released on April 4, 2005

The Securities Division of the Saskatchewan Financial Services Commission issued a Temporary Cease Trade Order against a Saskatoon man with a lengthy criminal record and a female partner. The pair is attempting to raise money regarding hedge funds. The order was issued on Thursday, March 30th. Promotional material for these funds are misleading as it infers a relationship with the Saskatoon Synchrotron and Canadian Light Source Inc.

Edouard Bonamie, also known as Nicholas Bonamy, Nicholas Grimaldi and Nicholas Ives, together with Pat Theriault are promoting investment in two of their hedge funds – The World of Synchrotron Performance Fund and Family Circle 40/40 Fund. The promotion is being done on the web site of their company – Ives Business Services Inc.

Bonamie is currently facing numerous fraud charges arising out of the failed Geno Centre in Saskatoon during 2001. He also has a lengthy criminal record dating back to 1972, which includes a multitude of fraud convictions.

"The Cease Trade Order was issued primarily because Bonamie is not the type of individual we want involved in selling securities in this province," Securities Division Enforcement Deputy Director Vic Pankratz said. "In addition the manager of these funds, Ives Business Services Inc., is not registered with the Securities Division as an advisor."

The Cease Trade Order may be seen on the Securities Division web site at www.sfsc.gov.sk.ca under the Enforcement Directory.

If anyone has been contacted by Edouard Bonamie, Pat Theriault or their company Ives Business Services Inc. concerning investments, they are encouraged to contact the Securities Division of the Financial Services Commission.

-30-



For More Information, Contact:

Vic Pankratz
Financial Services Commission
Regina
Phone: (306) 787-5850
Cell: (306) 536-4166

We need your feedback to improve saskatchewan.ca. Help us improve