(November 29 – 11:10 ET) –
The British Columbia Securities
Commission has found that
Eron Mortgage Corporation
and its related companies, along
with its president Brian Slobogian
and one of its vice presidents,
Frank Biller, perpetrated a
fraud on the public of British
Columbia.

The commission also found that
Eron, Slobogian and Biller made
misrepresentations to Eron
investors and distributed
securities without being
registered and without filing a
prospectus as required by the
Securities Act.

The commission’s findings
follow a 31-day hearing ending in
September this year. A decision
regarding sanctions will be made
after the parties are heard on that
issue.

-IE Staff

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