Complaint Review: Michael MacInnis

He is correct, do not judge him by what you just read, take all factors into consideration.



Michael J. Macinnis

a) expelled by the CA association in Quebec 20 years ago,

b) convicted in 1992 of fraud and given 2 years probation and forced to repay a victim, Nouvelle fraude dans l'investissement:  La Presse- 12-10-2005 Grammond, Stphanie - Au dbut de l't, la Sret du Qubec a accus Michael Macinnis de fraude et de vol. L'homme de 57 ans est la tte de plusieurs entreprises tablies.   In 1992, he had pled guilty with a criminal charge. He had obtained money by

trickery and a lie. He refunded $5000 to his victim and obtained two years of probation without monitoring. M. MacInnis already faced other criminal charges..

c)  involved in a dot com company which lost millions of dollars for investors in 1999 to 2002, http://www.secinfo.com/dSsJ9.316.htm#Top            The Company's primary business is providing long distance services between Eastern European countries and the rest of the world. After nearly three years of building and developing this network and the  expenditure of over two million dollars,  the Company still has only minimal revenues and has not as yet reached  profitability.  Financials show the money was used up in travel, professional fees and officers leasing offices from each other.

d)       charged at least 16 times with Fraud and Flight for a securities scheme in Quebec that lost investors $345,000, A man who created investment clubs with high guarantees where investors lost their funds Posted by Ben Franklin, Wednesday, October 12, 2005, 8:21 PM

http://forum.argent.canoe.ca/dcboard.php?az=printer_friendly&forum=107&topic_id=3047

Full Text: Be wary of investment clubs, written by Grammond Stephanie, October 12, 2005 -

"They were promised a return of 20% in nine months. They were certified that their capital was secured by government bonds. It was in black and white on their statement of investment Sands Club. Two years later, they have not recovered a penny. In early summer, the Quebec Provincial Police accused

Michael Macinnis fraud and theft.

e)       named in a Mutual Fund Dealers Association report (#201010) for running a Ponzi scheme in 2005 which lost investors $840,000 and caused a financial advisor for life to be banned for life,

f)    named on Radio Canada in the same breath as Vincent Lacroix, He emphasized that the AMF, Quebec, could show more fangs: "In two years of existence, it is the first time that the

Authority clamps down and a fraudster manages to be convicted, while all this time, the

Vincent Lacroix and Michael Macinnis [charged with fraud and theft] continued to rage. "(6)  (6) The

Press , November 8, 2005, Business section, p.57

g)       A man who has appeared on the internet with more than a hundred posts claiming fraudulent activity,   http://forum.cbn-beta.topscms.com/yaf_postsm82932_Canadian-Home-Equity-Advantage.aspx

h)       Indications of other charges :  http://scandale-norbourg.forumpro.fr/t2-role-des-conseillers

Should we also remind Mr. Saint-Gelais as the most recent convictions, fines and prison sentences were handed down against Stevens Demers, Michael Macinnis, Ghislain Morin and Camil Girard, who are not counselors, but people who have usurped the title is or is committing insider trading?     



Absolutly do not pass judgement on anyone because of one person's comment.  Instead read the news reports, government investigations, public forums, historical criminal charge reports, professional designation agency disciplinary reports etc....  Then you can make an informed decision.

My name is Michael MacInnis and I am the president of Wealth Creation Corporation.  This company is designed to educate Canadians about the world of investing so they will be empowered to understand the options and choices they have when making financial decisions. Since this accusation does not contain any specific references, it is difficult to respond.  We do have a bank account for depositing the $575.00 course fee when received however we are just starting to sell the course. Wealth Creation Corporation does not handle investments. It is strictly an education provider. We do financially reward people for telling their friends and families about us so it is a type of modified MLM structure.  I invite anyone who wishes more information to contact me at this email address and I will be happy to provide you with more detail about what we do.   mmacinnis.pcmwealth@gmail.com

I also invite the "anonymous" writer to contact me. I would love to know who this person is.