Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum MountainWest Resources Inc. C.MWR

CSE:MWR - Post Discussion

MountainWest Resources Inc. > June 2012 Judgements….Evidence of fraud?
View:
Post by aurwar on Nov 07, 2022 10:58pm

June 2012 Judgements….Evidence of fraud?

Re case C1036-2021. JRL's lawsuit suing Claro/ Ossa...

Below is an excerpt from a court affidavit submitted by Alvaro Vives Martens, Attorney for Claro/ Ossa.
The full affidavit, as submitted to the court, was first published on this site translated by MTSTACK on Aug. 21, 2022

In reviewing this document in greater detail, I was very interested to note the dates on the 3 judgements listed below. IMO, it supports a claim of fraud, as these judgements were not disclosed to MWR/ MSX shareholders in a timely way.

As the Chilean lawyer for JRL....JGT would have to have disclosed these judgement results to him. I want to know why MSX was not informed...along with all the other judgements in the affidavit.

These ones are of particular interest to myself and a few key investors, as JRL was pushing MSX for Private Placements to fund continued Chilean court activity.

If these judgement results had been disclosed to investors...you can bet your bottom dollar there would have been no investors.

  1. Judgment of June 8, 2012 pronounced by the 1st Court of Letter of Vallenar in C 788-2011 that accepted the lawsuit for public action of expiration (Article 70 of the Mining Code) filed by Mr. Sebastian Herrera Larrain against the mining claim “Amarillo Sur 4 1-30” the property of Mr. Jorge Rodrigo Cortes and ordered the cancellation of the registration in the Registry of Discoveries of Mines of the Conservator of Mines.
  2. Judgment of June 15, 2012 pronounced by the 1st Court of Letter of Vallenar in C 789-2011 that accepted the lawsuit for public action of expiration (Article 70 of the Mining Code) filed by Mr. Sebastian Herrera Larrain against the mining claim “Amarillo Sur 5 1-30” the property of Mr. Jorge Rodrigo Cortes and ordered the cancellation of the registration in the Registry of Discoveries of Mines of the Conservator of Mines.
  3. Judgment of June 8, 2012 pronounced by the 1st Court of Letter of Vallenar in C 790-2011 that accepted the lawsuit for public action of expiration (Article 70 of the Mining Code) filed by Mr. Sebastian Herrera Larrain against the mining claim “Amarillo Sur 8 1-30” the property of Mr. Jorge Rodrigo Cortes and ordered the cancellation of the registration in the Registry of Discoveries of Mines of the Conservator of Mines
Comment by MTStack on Nov 08, 2022 8:15am
Thirty one other cancellation of the registrations were also ordered by the Court for the Amarillo Sur and Amarillos Norte claims.  None of these cancellations were ever disclosed to the investors or to the public.   After 2013, JL had no claims that had not been cancelled by the Court. You are correct, if these cancellations had been disclosed, it would have been difficult to ...more  
Comment by aurwar on Nov 08, 2022 8:58am
I can only thank you MT for all the work in the Chilean Court documents and resulting translation and publication here.  For all the shareholders, particularly those who invested retirement savings in this scheme, I would like to ask you if you think there are grounds to sue JRL/ JGT/ BJ/ MSX for any recovery?  Maybe it is BJ who has to sue JRL on behalf of the MSX shareholders as JRL ...more  
Comment by georgemonkey on Nov 08, 2022 2:58pm
Is it possible to go after the Market Maker to recover the funds due to their lack of DD in this fraud. Is it also possible that they new it was a story and wanted to ride the wave ? justathought
Comment by MTStack on Nov 08, 2022 7:23pm
I don't know how these things work in Canada. Can the BCSC make a referral to the RCMP?  Can ex-stockholder's make a complaint?   Going after JL or BJ civilly seems like a losing proposition as lawyer's would be expensive, BJ has no money, and JL seems to have hidden his assets.  Even after receiving over $4 million from MSX, he still claims poverty - according to ...more  
Comment by aurwar on Nov 08, 2022 9:04pm
JRL got closer to 10 million dollars from shareholders and investors such as Crystal Wealth. JRL was a big spender on himself and his eldest son who worked with him. JGT was being paid $10.0 thousand a month during the years when investments were being made to support the legal cases in Chile. Doesn't take a mathematician to see that JRL used much of the funding for himself, his cadre of ...more  
Comment by MTStack on Nov 08, 2022 9:30pm
I haven't decided where BJ falls on the stupidity ---- culpability scale.  I believe he just didn't want to rock the boat since he was paying himself - what was it $16,000? $18,000 a month - as CEO, plus rent on the garage.   And he didn't want to ask the questions that would put an end his credible deniability. [Credible in that last sentence was used rather loosely.]
Comment by georgemonkey on Nov 09, 2022 5:37pm
I would tend to beleive more to the point of aurwar post that jl offered bj a royalty position in some of the diverted funds to purchase other properties in Chile. The kicking the can in the courts keeps the scam going while past investors think there is a chance they will get there money back. Most likely properties put in Dope Jr.s name.  Maybe Slugger who has property in Chile could do ...more  
Comment by aurwar on Nov 09, 2022 7:20pm
JRL's been spending money on new wind turbine development, a more environmental way to extract gold from ore, ( a good thought, unsure of the practicality or expense),....and he may just have returned to some of his old tricks. JRL was the plaintiff in the following case...eerie similarities on a smaller scale. He was looking for a big payout here too. What else is new lol? Anything to keep ...more  
Comment by MTStack on Nov 10, 2022 9:39am
A typical wind turbine costs between $2 million and $4 million.  I can understand using an alternative power source for refining metals, but JL has neither the resources nor the actual properties to make use of them.  Sounds like another pie-in-the-sky racket to raise money.
Comment by georgemonkey on Nov 10, 2022 11:29pm
With all due respect, but JL said he had a gold property that was even larger than PL and that he was going to give it to MSX shareholder. Must be in that alternative world. Yes, another pie-in-the-sky racket to raise more money.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities