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BUSINESSVANCOUVER September 16–22, 2014
for the record
trouble Discipline British Columbia Securities Commission Daveed Zarr made false statements and illegally traded securities, according to a British Columbia Securities Commission (BCSC) panel, the BCSC announced September 2. The panel determined that Zarr, also known as Asi Lalky, misrepresented registration and prospectus requirements when he offered to sell shares in his company, Zarr Energy Corp. The offers to sell Zarr shares were on a website that he created as well as Criagslist and other places online. Zarr has never been registered in any capacity in B.C., and Zarr Energy has never filed a prospectus. In December 2011, Zarr posted an online classified advertisement promoting the investment in the financial services section of Vancouver’s Craigslist website. Zarr said that investors would earn a 50% annual return if they agreed to open a foreign exchange trading account containing $250,000 and give Zarr trading authority over the account. A BCSC investigator then sent an email to Zarr, posing as an investor. Zarr said that he was a “professional currency trader” and he reiterated that investors would earn a 50% annual return, according to the BCSC. The BCSC panel found that both of these statements were false or misleading. “Zarr admitted in his interview that he is not, and never has been, a professional currency trader,” the BCSC panel wrote. “He also acknowledged that he is no good at it.”
BUYER’S ALERT Companies listed below, which are not accredited by the Better Business Bureau, have failed to respond, as of September 5, to Better Business Bureau of Mainland BC’s efforts to mediate complaints from August 31 to September 6. In some instances, the company may have taken care of the complaint and considered the matter closed, or may believe the complaint is unjustified; however, if the BBB has not received a response, records cannot reveal either position. Please note that BBB accredited businesses must respond to customer complaints that are brought to their attention. The companies listed are not members of this Better Business Bureau. Source: BBB. Abbey Cedar Products Ltd., Abbotsford Art Beauty Hair Specialist Center, Richmond Auto Villa, Burnaby BBQTek Enterprises Inc., Burnaby Credit Processing Canada, Burnaby Electronic Arts Canada, Burnaby Intuition Property Services Inc., Surrey IT Solutions, Vancouver Kia South Vancouver, Vancouver MaxFrag Network, Vancouver Metropolitan Movers, Vancouver Mining Canada, Vancouver
N V Electrical/Heating & Appliance Repairs, Burnaby Nor Pac Marketing, Coquitlam Optimum Performance Products, Port Coquitlam Organic Spa Solutions, Vancouver Oxygenergy Electronics, Richmond Pacific West Van Lines, Richmond School of Mix, Vancouver Starbrite Home Cleaning Services, Surrey Sun Sun Auto Sales, Vancouver Sussex Insurance, Chilliwack Tastygo Online Inc., Vancouver The Cedar Guy, Abbotsford The Herschel Supply Co., Vancouver Unique and Trendy, Surrey VisionQuest Recovery Society, Delta Wonga.ca, Vancouver ZoomBucks, Vancouver The following companies have responded to the BBB subsequent to being published: Advanced Parking Systems Ltd., Vancouver Canada Events and Adventures, Vancouver Cap-it Kamloops, Kamloops JCG Jansen Claims Group, Coquitlam Waste Management of Canada Corp., Coquitlam
WHO’S GETTING SUED These corporate writs were filed with the BC Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have yet to be proven in court. Defendant Salmon River Resources ltd. 2080 – 777 Hornby St., Vancouver Plaintiff Rigdon Ltd. 1700 – 666 Burrard St., Vancouver Claim $2,647,016 US for debt. Defendant Finavera Wind Energy Inc. 2080 – 777 Hornby St., Vancouver Plaintiff Innergex Renewable Energy Inc. 1300 – 777 Dunsmuir St., Vancouver Claim $1,000,000 for debt. Defendants Q4 Group Holdings (Richards Street) Ltd. and Agip Holdings Ltd. and Alekos Alex Akaios Tsakumis and Patrick Corsi 1600 – 925 W. Georgia St., Vancouver, and 6983 Montgomery St., Vancouver, and 4180 St. Pauls Ave., North Vancouver Plaintiff iFund Diversified Lending Corp. 1800 – 401 W. Georgia St., Vancouver Claim $415,912 for debt. Defendant Wolfgang Rauball 8997 Trudys Landing, Whistler Plaintiff Spencer Clarke LLC 410 Park Ave., 15th floor, New York, N.Y.
Claim US$325,000 for a New York Supreme Court judgment. Defendants 919582 Alberta Ltd. dba Ric’s Grill and Ric’s Grill Inc. and Sandeep Gupta 3700 – 205 5th Ave. S.W., Calgary, and 1037A Lawson Ave., Kelowna Plaintiff Henry Whyte 900 – 900 Howe St., Vancouver Claim $251,760 for deferred wages, expenses and a loan agreement. Defendants Sung Sub Oh dba O.K. Investment Corp. 20193 68A Ave., Langley Plaintiff Byung Kwon Jung dba Rothschild Fuel Services Ltd. 2010 – 1055 W. Georgia St., Vancouver, and 1000 – 564 Beatty St., Vancouver Claim $168,000 for breach of contract and breach of fiduciary duty after defendants failed to pay plaintiff’s share of profits from a leased gas station operation. Defendant Olivit Construction Ltd. 22311 119th Ave., Maple Ridge Plaintiff Craftsman Glass Ltd. 700 – 555 Burrard St., Vancouver Claim $120,305 for window, mirror and door supply and installation work. Defendants Fraser Electric Co. Ltd. and PCL Constructors Westcoast Inc. and The University of British Columbia and The Board of Education of School District No. 39 (Vancouver) 5 – 15243 91st Ave., Surrey, and 900 – 808 Nelson St., Vancouver, and 1580 W. Broadway, Vancouver Plaintiff 4th Utility Inc. 1320 – 355 Burrard St., Vancouver Claim $110,431 for electrical and communication component supply and installation; damages for breach of contract; a builder’s lien. Defendants Sandhar Drywall Ltd. and Bikramjit Singh Sandhar 108 – 13049 76th Ave., Surrey, and 14573 83A Ave., Surrey Plaintiff Royal Bank of Canada 2nd floor, Tower 2, 6880 Financial Dr., Transit #06114, Mississauga, Ont. Claim $110,398 for debt. Defendant Dorset College Inc. 200 – 1885 W. Broadway, Vancouver Plaintiff Buckley Dodds Parker LLP 1140 – 1185 W. Georgia St., Vancouver Claim $80,844 for accounting services.