6, 2001
PUBLIC AT RISK FROM “TRI-WEST
INVESTMENT CLUB” BANK
DEBENTURE TRADING PROGRAM
Winnipeg, – The Manitoba Securities Commission
is warning the public to be on the look out for an illegal and possibly
fraudulent investment
scheme. Investments described as “Bank Debenture Trading Program” are
being increasingly sold to individuals who are at risk of losing their
money.
The “Tri-West Investment Club” is
using a web site based in San Diego, California. They are urging
individuals to invest funds
into the Bank Debenture Trading Program by sending the funds to Haarlem
Universal Corporation located in Belize City, Belize. The organization
looks for investors with $10,000 or more to invest. They claim that
returns are in excess of 300%, there is no risk of losing the principal
invested and that investments are secured by a bank endorsed guarantee.
Tri-West Investment Club and Haarlem Universal Corporation are NOT
registered to sell securities in the Province of Manitoba. A number
of US securities regulators have issued cease trade orders or are conducting
investigations respecting the Tri-West Investment Club.
If you have purchased or have been contacted
to purchase any of these “Bank
Debenture Trading Programs”, please Contact The Manitoba Securities
Commission at (204) 945-2548 and ask to speak to an investigator. If
you live outside Winnipeg, you can contact the Commission toll free
(in Manitoba) at 1-800-665-5244.
The Manitoba Securities Commission Media Contact, Ainsley Cunningham
(204) 945-4733.