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North Battleford Businesswoman Faces Securities Fraud Allegations

Released on April 16, 2014

Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has set April 6, 2015, as the hearing date for Adele Kaminsky to answer allegations including securities fraud in excess of $500,000.

FCAA alleges that through her North Battleford business, AK Financial Planning Services, Kaminsky sold investments to Saskatchewan investors in a supposed company called Enviro-Can Private Placement.  Kaminsky is believed to have taken investors’ funds into her personal accounts and used them for her personal benefit.  Kaminsky now faces allegations that she knew, or reasonably ought to have known, she was perpetrating a fraud on investors.

She also faces allegations in relation to foreign currency trading for acting as a fund manager, securities dealer, and securities adviser while not registered to do so.

A Cease Trade Order was issued March 12, 2013, and remains in effect until February 27, 2015; FCAA may extend the order.

Anyone who has information concerning the allegations against Adele Kaminsky, or who has information on any other questionable person or company soliciting investments, should contact FCAA’s Securities Division at 306-787-5645.

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For more information, contact:

Daniela Machuca
Financial and Consumer Affairs Authority
Regina
Phone: 3067984160
Email: daniela.machuca@gov.sk.ca

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