Showing posts with label Toukhmanuk. Show all posts
Showing posts with label Toukhmanuk. Show all posts

Monday, March 5, 2018

Van Krikorian's TOUKHMANUK Gold Project is BANKRUPT

While visiting the PDAC, the international mining convention in Toronto, I met representatives of the Armenian Government at the Lydian booth. It was confirmed to me that Global Gold's project in Armenia is BANKRUPT.

I have always said that the 2 million ounce GOLD resource that Van Krikorian was promoting at TOUKHMANUK was a complete fraud.

Global Gold Corp is now defunct and delinquent and no longer files any financial statements.


Don't be fooled by the $3.00 price quote, GBGD has rolled-back its shares 251x and now has approximately 386,000 shares outstanding. The company has transferred all its assets to its officers and directors and left $20 million in debts behind. Now its flagship asset is bankrupt, leaving behind unpaid salaries and unpaid bills in Armenia.


Thursday, January 18, 2018

GAME OVER: Van Krikorian and Global Gold Corp.

It's time to say goodbye to Global Gold Corp (pink: GBGD) and its sketchy President, Van Krikorian.

After years of defrauding employees and suppliers in the Republic of Armenia out of hundreds of thousands of dollars, swindling joint venture partners out of over US$12MM, and partially embezzling and money laundering these proceeds, its time to say goodbye to Global Gold Corp (pink: GBGD) and its President, CEO, Chairman, Director and Corporate Counsel, Van Krikorian.

On December 4, 2017, GBGD through the fraudulent actions of its President, Mr. Van Krikorian along with the complicit support of its Board of Directors, transferred all of GBGD's assets and claims to its officers and directors, consolidated its shares 251:1, ceased becoming a reporting issuer, and went dark, leaving behind US$20,917,023 in liabilities, broken promises. dreams and a trail of fraud.

I am sure that this tale is not over.  With the assets of GBGD in the hands of Van Krikorian and his accomplices, they may try to scam more people with their questionable Armenian mining assets. They may attempt to sell these assets to unsuspecting investors or unscrupulous stock promoters to make a few more bucks.  But for now:

GAME OVER 
Van Krikorian

The SEC did not get you for your fraudulent actions (yet),
but the Russians you scammed money from might be more successful.









Saturday, November 4, 2017

The FRAUD at GBGD by VAN KRIKORIAN Continues

Global Gold Corp (PINK:GBGD) is $20,917,023 in debt, so what does Mr. Van Krikorian, the President, CEO and Director of the Company do? He conspires with his fellow directors and officers of the company to reclassify $6,463,255 of that debt, which is owed to them, as secured promissory notes, to the detriment of its other creditors and secured creditors.

Van Krikorian announced on November 1, 2017, in the company's June 30, 2017, 10-Q report, that these secured promissory notes were issued on July 1, 2017, and interest and principal were due on September 1, 2017. What was the security granted to Mssrs Van Krikorian, Drury Gallagher, Ian Hague, Nicholas AynilianLester Ceasar and Jan Dulman? Everything. And now these newly issued secured promissory notes are in DEFAULT.



These officers and directors have been involved with the Company almost from the beginning where the stock climbed to a high of $3.80 in May 2006 and now rests on its deathbed at $0.015.

The strange thing about this transaction is that the assets of the Company were previously pledged to CRA on $2.2 million in Secured Fixed Rate Convertible Notes issued in 2012 and guaranteed by GBGD. But scorpions are scorpions and GBGD declared the $7 million in equity investment and loans that GBGD received from CRA for its Toukhamnuk Gold Mine as a fraud, kicked CRA out and signed a new deal with Linne Mining and Industrial Minerals in 2013.

After defrauding Linne Mining and Industrial Mineral out of $5,956,028 Linne is now suing GBGD's subsidiary in bankruptcy court in Armenia for USD$39 million.

In response to all these debts and bankruptcy threats, Mr. Van Krikorian conspired with his fellow officers and directors to secure all the assets of the Company in their personal names and take all the benefits for themselves, while leaving behind an empty shell of broken dreams, promises and debt.



Friday, September 8, 2017

Fraud at Toukhmanuk See My new Website


Visit my new website on Fraud at Toukhmanuk and the Armenian GKZ



GBGD Fraud @ Toukhamuk Gold Project Republic of Armenia 
http://www.toukhmanuk-gbgd-fraud.com

Monday, June 19, 2017

GBGD re-listed on the OTCQB with USD$20,350,985 in Debt

Global Gold Corp (GBGD) shares have finally been re-listed on the OTCQB from the PINK sheets. GBGD shares were dropped because it failed to timely file their year-end and quarterly financial statements.

Now that the F/S are filed, here are some highlights for GBGD:

  • The company has $54,164 in cash and $20,350,985 in debts
  • Its Armenian subsidiary (Mego Gold LLC) that owns their Toukhmanuk Gold Mine has been declared bankrupt by Armenia's Cassation Court
  • JV partner Linne Minning at Toukhmanuk, has filed a creditor claim of $30,000,000 in the bankruptcy of Mego Gold
  • They need $5,000,000 to fund their Marjan Project in southern Armenia
What can one say about a company run by Mr. Van Z. Krikorian, President, CEO, Director and  Lawyer, and Mr. Ian Hague, Director and Principal of hedge fund Firebird LLC (www.fbird.com)?

Mr. Ian Hague had made director loans to Global Gold which amounted to $5,052,262, including interest. In order to clean up the books of the company, in 2010 Mr. Hague converted his cash advances to shares of the company at $0.15 now worth about $0.015. 

Mr. Hague owns and controls a total of 44,869,915 common shares of GBGD, representing 48.78 % of all outstanding shares.

Since 2011 the company has managed to fund its operations with JVs that all have ended in lawsuits, but not before Mr. Van Z. Krikorian organised for GBGD to scam its investors out of over $11 million dollars using deceptive and fraudulent gold resource models that showed that the Toukhmanuk Gold Mine contained 2 million ounces of gold, which evidence exists now that this was a FRAUD.   Read my previous blogs for more information.

Additional funding for GBGD comes from the former President, Secretary and Chairman Emeritus of Global Gold, Mr. Drury Galagher.  He has made cash advances to GBGD totalling $3,125,114 to support a "technically" bankrupt compnay that is carrying $20,350,985 of debts. Why? What is he trying to hide by supporting GBGD? Or, is he just a bad investor?


Wednesday, January 27, 2016

GBGD Announces Toukhamnuk Mine in Armenia "Delayed"... Is this the end of GBGD?

On November 20, 2015, Mr. Van Krikorian, President and CEO of Global Gold Corp (otcqb: GBGD) announced that the development of its Toukhamnuk Gold Mine located in the Republic of Armenia was "delayed". [see third quarter 10-Q as filed on the US SEC website]

In my analysis this sounds like wishful thinking. For all intensive purposes the Toukhmanuk Gold Mine is dead.

Here are the reasons why I believe the project is dead:

1. GBGD is a financial mess with over US$17MM in current debt and little or no cash available. GBGD also confirms it has "no firm commitments from third parties to provide additional financing".

2. Linne Mining, the contract miner that was hired to build the Toukhamnuk Mine, has notified GBGD that it wants permission (whatever that means) to walk away from the project and is further demanding payment of US$3,204,951. GBGD has stated in its SEC filings that Linne Mining is the first ranking creditor.

3. Van Krikorian is threatening to sue Linne Mining if it walks away. If this happens, this will be the 4th major lawsuit that GBGD and Van Krikorian will be involved in over their mining projects. I do not know who in their right mind would want to do business with GBGD and Van Krikorian in Armenia, considering his track record of legal pursuits in his business dealings.

4. While GBGD has received a permit to build a tailings dam from the Minstry of Energy and Natural Resources of Armenia, residents of Meliq Village have been protesting the building a new tailings dam. GBGD has two older tailings dams that have failed and have leaked in to the environment. So far the protesters have managed to block GBGD in moving the tailings dam project forward.

5. The published resources of the Toukhmanuk Mine are suspect. GBGD does not have proven reserves, it is planning to mine GKZ approved mineral resources, which appear suspect. Furthermore, these resources have never been confirmed with independent 3rd party analysis. The professional geologist that prepared the Technical Report on the project (NI 43-101) recommended:

a) All previous drill core be reviewed with an objective of firming up information on vein density and mineralization

b) Check assays should also be carried out at a certified laboratory outside Armenia so that future data is conformable to CIM and JORC standards

c) Resources at Toukhmanuk need to be better defined with further drilling within the preliminary pit outline and a feasibility study carried out on immediate mine development. Cost US$2MM.
6. GBGD drilled 4,000 meters of diamond drilling outside the central are to expand resources, but the results were never published. It appears GBGD never found any gold in the drill results and has hidden this fact. This again makes the gold resource at Toukhmanuk suspect.

7. A former employ of GBGD companies, confirmed to me that the resources used by GBGD to calculate the published resources at the GKZ were fabricated in some sections. See my blog http://toukhmanuk.blogspot.ca/2012/06/what-are-real-gold-grades-at-toukhmanuk.html

8. Global Gold has filed conflicting production reports on the Toukhmanuk mine between 2007 and 2011, overstating its mining volume and playing with their gold grade. Again raising the prospect that the resource is suspect. See my blog: http://gbgd-armenia-mining.blogspot.ca/2013/05/global-gold-corp-gbgd-overstates-mining.html
So where does GBGD and Van Krikorian come up with funds to push the project forward? Directors have already advanced over US$2 million to the company. Even if they push this project forward, the local population is against the project. 


The published NI-43-101 Technical Report does nothing to prove the gold resources are confirmed, the "professional" geologist never sampled any of the core and relied 100% on the data provided by Van Krikorian and GBGD. That data, is suspect because 4000 meters of drill results were hidden from the public, a former employees of GBGD has confirmed the data some of the data was fabricated, and Van Krikorian and GBGD has been caught in a game of manipulating his own mining data as filed with the SEC that contradicts the data filed with Armenian Government. 

I don't know what Van's end game is, but it does not look pretty.
About this Blog: Between 2009 and 2012 I was an active investor in the mineral exploration sector in the Republic of Armenia. Our main project in Armenia was the MARJAN polymetallic gold and silver project located in near Sissian. My JV partner, Mr. Van Z. Krikorian, President of Global Gold Corp (otcqb: GBGD) and Trustee of the Armenian Assembly of America, used corrupt means including using his influence with the US EMBASSY in YEREVAN to secure an indictment against me for theft of the JV and to corrupt the Armenia judicial system to give him a favourable ruling.

Mr. Van Z. Krikorian is the President, CEO and Legal Counsel of Global Gold Corp. (otcqb:GBGD), a penny stock listed on the OTC markets. His public filings with the US Securities and Exchange Commission fail to fully disclose the reality on the ground in Armenia in the promotion and development of GBGD's gold project, the TOUKHMANUK GOLD MINE. 
This blog is an effort to bring transparency of the activities of Global God Corp. (otcqb: GBGD) and Mr. Van Z. Krikorian in Armenia.

Sunday, November 15, 2015

Global Gold's Subsidiary and Tukhmanuk Gold Mine, Threatened With Bankruptcy

Global Gold Corp's (otcqb:GBGD) subsidiary in Armenia, Mego-Gold, is being sued in a "forced bankruptcy" hearing.

Court Case YEKD / 0286/04/15, was filed on September 18, 2015 by an applicant named Araqsya Bozhevolnova.  The electronic court document, produced below does not give any further details.
A google translation of the above document reads:
COURT N: YEKD / 0286/04/15
The application has been received. 18-09-2015
Bankruptcy type: forced
The applicantName: Araqsya
Surname: Bozhevolnova
The DebtorFirst Name: Mego Gold LLC
Address: Tumanyan 1 A-2
State fee. 0
Other notes: Statistics line number.
The JudgeCourt: Kentron and Nork-Marash
The judge's name. Alexei
The inscription date. 18-09-2015

This is not the only case pending against MEGO-GOLD. The Administration of the Village of MELIQ has filed a lawsuit to recover certain fees and has a court order to seize GBGD/MEGO-GOLD assets pending the trial.

In US Securities Exchange filings, GBGD declares that it has debts of $15,955,705 and no income.

GBGD has not filed any 8-K to disclose these material events but ignores the rules and regulations to timely file and instead files a 10-Q to bury these material events.

About this Blog:  Between 2009 and 2012 I was an active investor in the mineral exploration sector in the Republic of Armenia.  Our main project in Armenia was the MARJAN polymetallic gold and silver project located in near Sissian.  My JV partner, Mr. Van Z. Krikorian, President of Global Gold Corp (otcqb: GBGD) and Trustee of the Armenian Assembly of America, used corrupt means including using his influence with the US EMBASSY in YEREVAN to secure an indictment against me for theft of the JV and to corrupt the Armenia judicial system to give him a favourable ruling.

Mr. Van Z. Krikorian is the President, CEO and Legal Counsel of Global Gold Corp. (otcqb:GBGD), a penny stock listed on the OTC  markets. His public filings with the US Securities and Exchange Commission  fail to fully disclose the reality on the ground in Armenia in the promotion and development of GBGD's gold project, the TOUKHMANUK GOLD MINE.

This blog is an effort to bring transparency of the activities of Global God Corp. (otcqb: GBGD) and Mr. Van Z. Krikorian in Armenia.

Friday, August 21, 2015

Van Krikorian and GBGD (otcqb: GBGD) Signed a Deal With Known Convicted Felon and Received $3.9MM of Funds

Whether knowingly or unwittingly, but definitely inexcusably,  on October 27, 2010, GBGD sold its Chile interest to Conventus Ltd, a BVI registered company, owned by Johan Ulander, for $5,000,000 with a requirement to start mining the Chili Assets by August 2011.

GBGD received US $3,891,155 of the $5MM which now appear to have been fleeced from elderly investors in Sweden in an apparent PONZI scheme, that peddled over US $36 million "low-risk" bonds to investors promising a 10% return.

About the Ponzi Scheme
According to an article published October 6, 2013 by news aggregator "Scandinavian Companies and Markets" (www.Scancomark.com), the Swedish Economic Crimes Bureau is investigating a large tangle of interrelated companies owned by Johan Ulander.

(see article "Thousands of Swedish Pensioners Hit With Manipulation In Savings", October 6, 2013).


Background on John Ulander
In 1997, The Helsinki Court sentence Johan Magnus Eina Ulander to 7 years in Jail for his role in the Southern Finland Real Estate Scam. Mr. Johan Ulander was indicted in 1994 for sixteen felony fraud charges, six of the debtor's dishonesty, accounting offences and security law violations. The Helsinki Court of Appeal reduced the sentence to five years' imprisonment.

Mr. Ulander was released from jail in 2004.


GBGD sues Johan Ulander et al.
GBGD never received the balance of payments from Amarant and lost control of its Chili assets.

GBGD and Van Krikorian pursued Johan Ulander, Amarrant and Alluvia in Arbitration and on June 26, 2014, the ICDR International Arbitration Tribunal in the matter of Global Gold Corporation vs. Amarant Mining LTD and Alluvia Mining, Ltd. awarded GBGD $16,800,000 USD plus $68,570.25 USD in interest, costs, and fees, all accruing interest at 9%. In addition, the Tribunal provided the following injunctive relief:

“ Per my previous orders in this matter, each of Amarant and Alluvia, including its officers and agents individually (including without limitation Johan Ulander), is continued to be enjoined, directly and indirectly, from alienating any assets, from transferring or consenting to the transfer of any shares, or performing or entering any transactions which would have the effect of alienating assets pending payment to Global Gold; each of Amarant and Alluvia, including its officers and agents (including without limitation Johan Ulander) will provide within 5 business days all contracts, draft agreements, emails, records of financial transactions, financial statements, and all other documents in connection with their business affairs for purposes of determining whether Respondents have complied with the July 29, 2013 and subsequent orders, have diverted funds which could have been used to pay Global Gold, and to aid Global Gold in collection. Respondents shall specifically provide of all documents related to Gulf Resource Capital, Amarant Finance, the IGE Resources stock sale and related transactions as well as documents related to the institutions from which Respondents have represented payment would issue including but not limited to: Mangold, Swedebank, Jool Capital, Skandinavska Bank, Credit Suisse, HSBC, Volksbank, Loyal Bank, Danskebank, NSBO, the “offtaker,” and Clifford Chance escrow account. Respondents shall execute any documents reasonably necessary or required by any institution to give Claimant access to this information and documents”


According to a recent article published on REALTIDE.se in April 2015, Mr. Johan Ulander and friends are currently restructuting their companies but still apear to be under criminal investigation. 
see: http://www.realtid.se/ArticlePages/201504/13/20150413140235_Realtid554/20150413140235_Realtid554.dbp.asp

What Matters Here
BUT THE BIG QUESTION....is how did Van Krikorian, the CEO and Legal Counsel for GBGD even enter this deal without doing basic KYC background search?   I personally find it hard to believe that Van Krikorian did not know anything about the the background of his business associate Johan Ulander. 

The next question is; As the criminal investigation continues, and it is discovered that money taken on a ponzi scheme in Sweden ended up in GBGD's possession will GBGD have to return these illegal proceeds?

-BM

About this Blog:  Between 2009 and 2012 I was an active investor in the mineral exploration sector in the Republic of Armenia.  Our main project in Armenia was the MARJAN polymetallic gold and silver project located in near Sissian.  My JV partner, Mr. Van Z. Krikorian, President of Global Gold Corp (otcqb: GBGD) and Trustee of the Armenian Assembly of America, used corrupt means including using his influence with the US EMBASSY in YEREVAN to secure an indictment against me for theft of the JV and to corrupt the Armenia judicial system to give him a favourable ruling.

Mr. Van Z. Krikorian is the President, CEO and Legal Counsel of Global Gold Corp. (otcqb:GBGD), a penny stock listed on the OTC  markets. His public filings with the US Securities and Exchange Commission  fail to fully disclose the reality on the ground in Armenia in the promotion and development of GBGD's gold project, the TOUKHMANUK GOLD MINE.

This blog is an effort to bring transparency of the activities of Global God Corp. (otcqb: GBGD) and Mr. Van Z. Krikorian in Armenia.

-------------------------------------------------
Thousands Of Swedish Pensioners Hit With Manipulation In Savings
Sunday, 06 October 2013
A large tangle of investment fraud is being rolled up by the Swedish Economic Crimes Bureau, which will have heavy consequences on pensioners who had hopped to have been involved in a form of attractive savings.

At the centre of the scandal is among others, the Finnish businessman, Johan Ulander and Eniro's former CEO, Lars Guldstrand, who is also the key persons in the saga that also entangled two troubled mining companies, Mineral Invest International and IGE Resources, a Scandinavian mineral resource company based in Stockholm  which are said to have played with pensioners' savings.

The story goes that individuals, often-wealthy retirees have been encouraged to invest several hundred million of Swedish Kornor into four different corporate bonds. These bonds would earn them interest rates of up to 12 percent - that was the promise.
pensioners
Swedish pensioners feared to have lost millions to bogus investors / Granscole/ file image
The set-up was almost identical in all four bonds, which went under the names Contender. Companies in Dubai issued the bonds, which are then marketed by asset managers in Sweden, writes the Swedish business daily, Dagens Industri.

The ring of the confusing spaghetti node continues that the plan presented was that, the Dubai companies would lend money to two other companies: Ducom, a commodities trading company in Dubai, and Conventus, Commodities Minerals & Mining (CCMM), a mining company registered in the British Virgin Islands.

The spaghetti spinner in the commodity trading and mining company is Johan Ulander, a businessman previously sentenced for Economic Crimes in Finland. According to the Swedish business paper, he controls both companies. He is also said to have connections with the Dubai Companies which sent out the bonds.

Today things are not looking good for the Swedish pensioners who invested or saved their pension plan in Johan Ulander companies and bonds. In June, they were informed that Johan Ulanders commodity trading and mining company could not pay back Skr227 million and interest on it - about  Skr 14 million, a total of Skr241 million. This has led the shares of Lars Guldstrand's investment company, GKL growth capital, to collapse in value. GKL describe itself as a private equity fund, challenging management strategies and business plans, striving for full potential as products, technologies and market evolve.

According to sources close to the Swedish business daily, Dagens Industri, the investigation into the bonds had been going on since 2011 by the Swedish economic crime bureau  when the matter was moved from the International Public Prosecution Office to economic crimes bureau. Since the fall of 2012 the lead investigator and prosecutor, Stig Åström has declines to answer any questions about the investigation.

The suspected fraudsters are closely linked to the Swedish mining companies, which are currently facing their own economic crisis. The companies, Mineral Invest and IGE Resources have in the past year both done business with two companies operating in the Johan Ulander's business sphere: Alluvia, registered in Jersey, and its major shareholder Amaranth, which is registered in the British Virgin Islands.


Can anyone trace the spaghetti node?

For us we know that some Swedish pensioners have been screwed off some of their hard earned retirement money by some unscrupulous scammers who have not come from Eastern Europe or African. They are real Swedes.


By Scancomark.com Team



Johan Ulander, Conventus Mining and Amaranth




http://www.kaleva.fi/uutiset/kotimaa/ulanderin-uusi-tuomio-pysyi-hovioikeudessa/475608/
(translated from Finish to English using Google Translate)

Ulander a new judgment of the Court of Appeal remained

COUNTRY   20/08/2002 | STTTEXT SIZE +
Over the years, the casino business has become known as a man Johan Ulander, 34, suffers a 11-month prison sentence for two aggravated fraud and aggravated forgery.Helsinki Court of Appeal issued Tuesday by the story, which has been around in different legal avenues already twice.
For the first time the district court case was in 1999. At that time, the Helsinki District Court ruled that Ulander in the same District Court in 1997, sentenced to seven years in prison was sufficient punishment for these crimes also.
Heavier sentence was added to a number of financial crimes in the so-called great in Southern Finland real estate scam case. The Court of Appeal, however, dropped in 2000, the real estate scam case judgment to five years in prison, after which the prosecutor will no longer be satisfied with the outcome of the second story.
The prosecutor appealed to the Supreme Court, which in December last year were able to clear the judgment, and exceptionally restored fraud and väärennysjutun the lower courts to measure the punishment again.
During the second round of treatment last March Ulander Helsinki District Court sentenced 11 months in prison, the Court of Appeals held in its decision now in force.
The judgment came in 1993-94 for crimes committed. In the first case Ulander partners sold the two properties in concealing the buyers that they had already been sold on. The second was a case of fraud Ulander commissioned by a property holder of counterfeit notes, which he gave as a pledge for its own debts.

http://www.kaleva.fi/uutiset/kotimaa/ulanderin-petostuomio-mitataan-uusiksi/141889/
(translated from Finnish to English using Google Translate)

Ulander fraud judgment is measured by new

COUNTRY   12/05/2001 | STTTEXT SIZE +
Businessman Johan Ulander the year before last conviction of two of aggravated fraud and aggravated forgery is measured again.
The Supreme Court (Supreme Court) decided to cancel the judgment and return the case to the district court to impose a new penalty.
Ulander was even before the Helsinki District Court by fraud and sentenced to a so-called väärennystuomiota. a large southern Finnish real estate scam story seven years in prison a number of financial crimes.
The district court combined the penalties and reasonable judgment, holding that seven years was a sufficient penalty on a smaller story imputable crime.
That changed a year later, when the Helsinki Court of Appeal reduced the real estate scam story Ulander Court to five years' imprisonment. The prosecutor does not have to be moderated prison sentence longer a sufficient sanction for a smaller affair and called for the reversal of the judgment.
The Supreme Court granted leave to appeal to the prosecutor.Also, the Supreme Court held as an essential change made by the Court of Appeal judgment in the real estate scam that was used on a smaller story based on the combined penalty moderation.
Among other things, a number of penalty assessment of the key points of accused rejected until the Court of Appeal.
The Supreme Court considers that the significance of the change is not obviously a minor penalty in terms of moderation, in the light of the treated cases of fraud and counterfeiting of quality.
The Supreme Court decided by 4-1 to restore the fraud and väärennysjutun the District Court for re-measurement of penalty.

KOP's leader was cited for assistance in fraud in series

OLLI HERRALA Kauppalehti 22.12.1997, page 5
KOP's ex-head Christer Antell, 55, was sentenced to years in prison on Friday. Assistance in cases of serious fraud brought in five Antell for a conditional sentence, the probation period ends in June 2000. further held that Antell promoted in 1992 to the fraudulent shares in housing sales. For sale townhouse property was attached and pledged elsewhere, but Antell still promoted Asunto Oy, Espoo Iivisniemi Sea port of equity trades. - Antell must be considered knowingly issuing false information about the company's situation, equity security, as well as the holder of the bonds retention, the district court's assessment. Deputy Judge Antell work KOP in the Legal Service Manager and then as the Head of Risk Management. Since then, Antell sat KOP's largest corporate-office. Antell is also known as the Helsinki kunnallispoliitiikasta. * - Antell small part of the huge mess - * - Antell is not only the training, experience and also the position, have understood the importance of wrong information is provided has been of shares to buyers, the district court defined the damage. Finnish conditions, the gigantic economic criminal contempt for violation the main factor, businessman Johan Magnus Einar Ulander, 29, was on Friday, a seven-year jail sentence. Finland's most famous nominees included Ulander got a judgment mm. sixteen felony fraud, six of the debtor's dishonesty, accounting offenses, the registry entry of crimes, security law violations and fraud.Maximum judgment in the background is a very multi-faceted, "business", with their own game find it in due course, Tampere Jari Jarmo Tanner and Jukka Hermann Malminen, Tikuna and Takuna known duo. During the period 1990 - the arrangements made ​​in 1994 indicate Ulander the activity of real estate, automotive and marine trade. A wide range of "trade" funding of Turku Master Funding Ltd. - Agreement in full without any security, was typical of the ultimate outcome.