News Canada Binary – ASC alleges Neil Chandran and Energy TV Inc. perpetrated a fraud | News Canada Binary

ASC alleges Neil Chandran and Energy TV Inc. perpetrated a fraud
. Make Huge returns on Investments & Make dreams come true!

The Future is Binary – Alberta Securities Commission (ASC) staff have issued a notice of hearing alleging Neil Chandran and Energy TV Inc. perpetrated a fraud, and along with Chandran Holding Media Inc., raised $56 million by engaging in illegal trades and distributions.

ASC staff allege the fraud occurred when Chandran and Energy TV told investors they were going to promote and stage a boxing match in Las Vegas. The event never took place. Instead, ASC staff allege that Chandran and Energy TV used investor’s funds to pay the company’s operating expenses. ASC staff also allege that Chandran and his companies raised more than $56 million by engaging in illegal trades and distributions, and made prohibited representations when they told investors they would receive a refund.

The allegations have not been proven.

An appearance to set a date for a hearing will be held on July 17, 2014 at 9 a.m. in the ASC Hearing Room, 5th Floor, 250 – 5th Street SW, Calgary, Alberta.

A copy of the Notice of Hearing is available on the ASC website at http://www.albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province’s securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada’s capital markets.

News Canada Binary – ASC alleges Neil Chandran and Energy TV Inc. perpetrated a fraud | News Canada Binary.

Advertisements

worked in the plastic blow molding industry for over 30 years in many facets from inspection ( Quality control) to development team. Have had more then a passing interest in computers and the internet for over 20 years, some Web programming and design, on-line auctions and ecommerce from 1997 till 2006 . was involved with the online auction cooperative movement from 1999- 2002 .. ran my own Domains & web servers for online sales Store fronts , promoteing my auctions called Dman-N-Company , a niche type auction site Musicplus. Richard Dambrosi

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: