Editor: things are really hoppin' in Saskatchewan

Editor: things are really hoppin' in Saskatchewan

Postby Oscar » Thu Apr 10, 2008 8:50 am

Sent for publishing on April 10, 2008

Editor

…things are really hoppin’ in Saskatchewan!

Cameco has yellow snow at the leaky (but safe) uranium mine at Rabbit Lake – never, ever eat yellow snow!

Oilsands Quest is doing its own environmental study on their tarsands site at La Loche – Sask Party Resource Minister Boyd is confident that the public can take comfort in those first ever studies!

And, now the U.S. Securities and Exchange Commission has filed charges against Urban Casavant, the CEO of CMKM Diamond Company at Fort a la Corne, accusing the former junior explorationist of fraud in a $64 million scheme – 40,000 backers actually believed the astonishing extent of the mineral claims made by Mr. Casavant!

…hmmm - then, there’s that swampland down in Florida!


Elaine Hughes
Archerwill, SK

=================================

40,000 investors lose $64m in CMKM Diamonds stock scheme

http://www.mineweb.com/mineweb/view/min ... &sn=Detail

SEC COMPLAINT FILED
40,000 investors lose $64m in CMKM Diamonds stock scheme

The Securities and Exchange Commission has filed charges against CMKM Diamonds, accusing the former junior explorationist of fraud in a $64 million scheme.

Author: Dorothy Kosich

Posted: Wednesday , 09 Apr 2008

RENO, NV - CMKM Diamonds was a penny stock that rarely traded above 2 cents a share, run out of a living room in the gambling Mecca of Las Vegas, Nevada.
Yet, the pink-sheet listed company, which claimed to be in the diamond and gold business, would develop a devoted shareholder following that ultimately lost millions of dollars, who were fooled by the power of promotion.
CMKM claimed it had acquired several Saskatchewan mining claims in the Fort a la Corne area. According to a complaint filed by the SEC this week, the actual mineral value of those claims was obscured by a scheme that might have astonished even P.T. Barnum in its scope and breadth.

FULL STORY...:

http://www.mineweb.com/mineweb/view/min ... &sn=Detail
Oscar
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