KAM
Innisfail,#2General Comment
Sun, July 03, 2011
You state that Carrington is working hard to pay back both employees and shareholders. I am a significant shareholder and have not been contacted in anyway 9 months, even after literally begging for information and it is only through this report that I find out anything about his "intentions" to make good to select individuals. As always, I am left wondering what is going on and if there is any hope for the future of my investment.
Is he now picking and choosing only certain individuals that he is going to make any effort to make right. Because of his lack of communication (which from my experience has always been the case since I have been a shareholder) I am left thinking that my money is lost and will have to look at other options to recover my money.
nicetryjerk
scottsdale,#3UPDATE EX-employee responds
Thu, June 16, 2011
So quoting what YOU posted, thinking that I have not read these documents before? Here it goes...
5. The OMs had numerous deficiencies (the Deficiencies) including, among others, the following:
(a) Several OMs misstated the name of the issuer.
(b) One of the OMs had no financial statements. Other OMs had inaccurate financial statements and did not state that they were unaudited.
(c) The OMs did not adequately disclose short-term and long-term objectives and the use of the offering proceeds or provided inaccurate information with respect to them.
(d) The OMs did not adequately disclose material agreements or provided inaccurate information with respect to them.
(e) The OMs were unclear as to whether the shares were being issued by the issuer, or were being distributed from the holdings of principal shareholders.
(f) The OMs did not accurately set out the shareholdings of directors, officers or principal shareholders, did not accurately set out the number of outstanding shares, or did not disclose prior sales of shares.
So in return the securities commission does its job of supervising anf found these errors so then...
6. On January 25, 2008, the Executive Director ordered that all trading cease in the securities of WebNet Global Capital Partners Ltd. On June 25, 2008, the Executive Director ordered that all trading cease in the securities of each of the other WebNet Issuers. The cease trade orders remain in effect.
I follow my interests very well too. What I only see is that you are selfishly attempting to stop Dr. Carrington from ammending his mistakes and dragging between your feet, with your claims, the possible recovery of all the current Webnet investors' money and paying off the balance of the former employees salaries. ME.
Go whine somewhere else.
webnetminescam
Vista,#4Author of original report
Tue, June 14, 2011
Nice try yourself Jerk-you don't have documentation for your claims that stealing investors money was a simple mistake in paperwork. Nor do you rebute that the Presdient of Golden Trunk Mines is connected with Greg Carrington and has been working with him under the Webnet scam as well!
***I spoke with a lawyer who pointed out the documents Greg Carrington is sending ask that you deposit the $ into A PERSONAL BANK ACCOUNT! He says he is an "active trustee" but you are sending the money directly to him. AS he says on the paperwork provided to investors.
Dr. Gregory C Carrington
As Temporary Trustee Agent for the <-----------
Buena Suerte Family Trust (BVI)
GOLDEN TRUNK MINES, LLC
a trying to protect people from loosing more money, I have no personal gain other than being able to sleep at night knowing I tried to warn people before they deposited money into Greg's account.
As a forer employeewere you one of the people who were laid off with no notice after Webnet didn't fund the payroll and empoyees ended up working for almost a month before Greg admitted the company didn't have any money? Not only were investors cheated out of their money, but employees were too.
ou speak of eveidence but don't provide anything. I have backed up my claims showing news articles, documents from Greg and pointed out the same key players are associated with this deal as they were in the Webnet deal. As for me being a vilian, I point the finger back at you-you need to look into this deal a little harder if you havent seen anything wrong with it. The wire transfer alone is enough to cause major concerns!
AS far as his conviction, there are several more articles quoting FRAUD not missing paperwork.
Former CEO banned for 20 years for illegal distributions
Vancouver The British Columbia Securities Commission has banned an Abbotsford man for 20 years who admitted he was responsible for four related companies that made illegal distributions to investors in Canada and the U.S.
Gregory Clark Carrington, an Abbotsford, B.C. resident, was the chief executive officer and president of WebNet Converged Wireless Networks Ltd., WebNet Broadcasting Corporation, WebNet Global Capital Partners Ltd., and 3dh Capital Ltd.
In the BCSC settlement agreement, Carrington, 64, admitted that he authorized, permitted or acquiesced in the four companies contraventions of B.C. securities laws when they distributed securities under offering memoranda (OMs) that contained numerous deficiencies. The OMs were misleading and not in the required form.
http://www.bcsc.bc.ca/release.aspx?id=
Gregory Clark Carrington
Securities Act, RSBC 1996, c. 418 (the Act)
Background
1 The Executive Director of the British Columbia Securities Commission has entered into a settlement agreement with Gregory Clark Carrington (Carrington), a copy of which is attached as Schedule A.
Order
2 The Executive Director, considering it to be in the public interest to do so, orders (the Order) that:
1. under section 161(1)(b) of the Act, Carrington cease trading in securities,
2. under section 161(1)(d)(i) and (ii) of the Act, Carrington resign any position he holds as a director or officer of an issuer and is prohibited from becoming or acting as a director or officer of any issuer,
3. under section 161(1)(d)(iv) of the Act, Carrington is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and
4. under section 161(1)(d)(v) of the Act, Carrington is prohibited from engaging in investor relations activities for a period of 20 years from the date of the Order
Under the deficient OMs the issuers raised about $8.7 million from 916 investors in various provinces, including B.C., and the U. S.
The BCSC cease traded WebNet Global Capital Partners on Jan. 25, 2008, and the other three companies on June 25, 2008. The orders remain in effect.
Under the settlement agreement, Carrington is prohibited, for 20 years, from trading in securities, and from becoming or acting as a director or officer of any issuer. CARRINGTON IS PROHIBITED FOR 20 YEARS FROM ACTING AS A MANAGE OR CONSULTANT IN CONNECTION WITH ACTIVITIES IN THE SECURITIES MARKET. (What is he doing as a temorary Trustee?)
DIRECT FROM PAPERWORK:
Dr. Gregory C Carrington
As Temporary Trustee Agent for the
Buena Suerte Family Trust (BVI)
Carrington is also prohibited, for 20 years, from acting as a manager or consultant in connection with activities in the securities market, and from engaging in investor relations.
Carringtons liabilities significantly exceed his assets. He has no reasonable prospect of being able to pay the $100,000 that would have been issued in the public interest.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.
You may view the settlement agreement on our website www.bcsc.bc.ca by typing in the search box, Gregory Clark Carrington or 2011 BCSECCOM 69. If you have questions, contact Ken Gracey, media relations, 604-899-6577.
Settlement Agreement
Gregory Clark Carrington
Securities Act, RSBC 1996, c. 418
1 The Executive Director of the British Columbia Securities Commission (the Executive Director) and Gregory Clark Carrington (Carrington) agree as follows:
Agreed Statement of Facts
Background1. Carrington resides in Abbotsford, British Columbia. He was at all material times the President, Chief Executive Officer, and Chairman of the Board of Directors of the following issuers:
(a) WebNet Converged Wireless Networks Ltd.,
(b) WebNet Broadcasting Corporation,
(c) WebNet Global Capital Partners Ltd., and
(d) 3dh Capital Ltd.
(collectively, the WebNet Issuers)
2. From about July 2007 to June 2008, the WebNet Issuers distributed securities under offering memoranda dated July 13, 2007, July 16, 2007, September 7, 2007, November 15, 2007 and January 15, 2008 (the OMs).
3. The WebNet Issuers were incorporated in British Columbia, and shared the same head office address in Abbotsford, British Columbia.
4. Under the OMs, the WebNet Issuers raised about $8.74 million from 916 investors. The investors resided in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and the United States.
5. The OMs had numerous deficiencies (the Deficiencies) including, among others, the following:
(a) Several OMs misstated the name of the issuer.
(b) One of the OMs had no financial statements. Other OMs had inaccurate financial statements and did not state that they were unaudited.
(c) The OMs did not adequately disclose short-term and long-term objectives and the use of the offering proceeds or provided inaccurate information with respect to them.
(d) The OMs did not adequately disclose material agreements or provided inaccurate information with respect to them.
(e) The OMs were unclear as to whether the shares were being issued by the issuer, or were being distributed from the holdings of principal shareholders.
(f) The OMs did not accurately set out the shareholdings of directors, officers or principal shareholders, did not accurately set out the number of outstanding shares, or did not disclose prior sales of shares.
6. On January 25, 2008, the Executive Director ordered that all trading cease in the securities of WebNet Global Capital Partners Ltd. On June 25, 2008, the Executive Director ordered that all trading cease in the securities of each of the other WebNet Issuers. The cease trade orders remain in effect.
Misconduct
7. The OMs were not in the form required by National Instrument 45-106 and, consequently, the WebNet Issuers contravened sections 34(1)(a) and 61(1) of the Act.
8. As a result of the Deficiencies, the OMs were misleading. By providing misleading information in records required to be filed, the WebNet Issuers contravened section 168.1(1)(b) of the Act.
9. Carrington, as an officer and director of the WebNet Issuers, authorized, permitted or acquiesced in their contraventions of sections 34(1)(a), 61(1) and 168.1(1)(b) of the Act. Carrington therefore also contravened the same provisions under section 168.2(1) of the Act.
Inability to Pay
10. Carringtons liabilities significantly exceed his assets. He is 64 years old, and is retired. Carrington is subject to numerous outstanding judgments and debts. He is also subject to orders issued under the Social Service Tax Act, the Employment Standards Act and the Canada Labour Code requiring that he pay the WebNet Issuers liability for unpaid taxes and wages.
11. Carrington has no reasonable prospect of being able to pay the fine of $100,000 that would otherwise be appropriate in the public interest for the misconduct described in this Settlement Agreement.
Order
2 The Executive Director will issue an order (the Order) that:
1. under section 161(1)(b) of the Act, Carrington cease trading in securities,
2. under section 161(1)(d)(i) and (ii) of the Act, Carrington resign any position he holds as a director or officer of an issuer and be prohibited from becoming or acting as a director or officer of any issuer,
3. under section 161(1)(d)(iv) of the Act, Carrington be prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and
4. under section 161(1)(d)(v) of the Act, Carrington be prohibited from engaging in investor relations activities
for a period of 20 years from the date of the Order.
Consent to Reciprocal Orders
3 Any securities regulator in Canada may rely on the facts admitted in this Settlement Agreement solely for the purpose of making an order similar to the one contemplated above.
Waiver
4 Carrington waives any right that he may have, under the Act or otherwise, to a hearing, hearing and review, judicial review or appeal related to, in connection with, or incidental to this settlement.
Counterpart
5 This Settlement Agreement may be executed in counterpart or by facsimile execution and all such counterparts of executed copies or faxed copies shall be read or construed together as if they formed one originally executed document.
6 February 4, 2011
http://www.bcsc.bc.ca/comdoc.nsf/comdoc.nsf/webpolicies/E42CBF341AF3026C88257834005F16AD?OpenDocument
nicetryjerk
scottsdale,#5UPDATE EX-employee responds
Mon, June 13, 2011
To whomever in Las Vegas that is starting these allegations, he clearly has no inside information as to what Greg Carrington is really trying to do and is either pursuing him for personal gain or position in whatever project he is currently involved in.
Greg Carrington has stuck to protecting his investors that bought into Webnet and any of the other named companies.
He is not a member of the board nor a title holder into any position in this Golden Trunk Mines company. He has provided counsel to some of their members who are most grateful since it gave them the better direction as to how to bring it about. Anyway, since he is not involved in directing that company in any way, I think that is that as far as that topic goes.
As a former employee of Webnet and close to the operations, I can clearly say that he was not banned by the Securities Commission in Canada for stealing, nor for fraud. That would have meant jail time and other charges. He was banned because within the operation of the company which he was responsible for, the proper company fillings where not either done properly or timely thus incurring in the violation of the requirements from the Securities Commission. He holds himself responsible for that and is not going to pass the buck to anyone.
He has since worked hard to return the investors monies back by working directly with each and everyone who is a member of webnet shares. The distribution of these emails which he sends privately to each member of Webnet are not approved for resdistribution thus violating the same by posting its contents in this blog.
He is not filling bankrupcy and bailing on every investor out there. He is hanging tough to salvage their hard earned money. He will continue to work in other ventures to sustain himself and his wife and also continue to support the rest of his family.
To attempt to portray him as a vilian for someone's personal gain is calluos and not worthy or being heard in any place.
This Golden Trunk Mines is a project which is legitimate and as far as I have seen the plans for the mines and geological reports, they are true and exist. The GTM belongs to other people so any involvement of Dr. Carrington in it may be as a customer, or aquaintance to them, including the original person who initiated this topic.
To whomever* originated this topic:
If you were affected directly in any way by Dr. Greg Carrington's operations, there are ways to proceed. With evidence and truth and honesty. If you can't provide truth with evidence other than assumption, then I request of this site to remove such posting and discontinue as you are interfering with those who work hard to earn a living and have integrity to hold their name up in public.
Thank you.