Settlements
Wilhelm Herbert Walter, et al. [Agreed Stmt]
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BCSECCOM #:
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Document Type:
Agreed Stmt
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Published Date:
1991-04-05
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Effective Date:
1991-04-03
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Details:
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IN THE MATTER OF the Securities Act, S.B.C. 1985, c. 83
AND IN THE MATTER OF Wilhelm Herbert Walter a.k.a. Wilhelm
Heribert Walter a.k.a. Harry Walter a.k.a. Walter Hiebert
a.k.a. Wilhelm Herbert von Gallerth a.k.a. Walter von Gallerth
a.k.a. Wilhelm Herbert von Gallerth and Business Financial
Management Consultants and v. G/L Computer Sales and Service
and Market Centre Quotation and the Market Centre Inc.
Orders Under Section 144
W.D. Nesmith
April 3, 1991
ORDERS:-- WHEREAS an Agreed Statement of Facts and Undertaking was executed by Wilhelm Herbert Walter ("Walter") and the Superintendent of Brokers (the "Superintendent") a copy of which is attached hereto as Schedule "A";
NOW THEREFORE the Superintendent, considering that it would be in the public interest to do so, orders BY CONSENT:
1. |  | that pursuant to section 144(1)(c) of the Securities Act, S.B.C. 1985, c. 83 (the "Act") the exemptions contained in sections 30 to 32, 55, 58, 80 and 81 of the Act do not apply to Walter for a period expiring at the end of May 17, 1996; | |
2. | | that pursuant to section 144(1)(d) of the Act, Walter is prohibited from becoming a director or officer of any reporting issuer for a period expiring at the end of May 17, 2001. | |
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SCHEDULE "A"
IN THE MATTER OF THE SECURITIES ACT
S.B.C. 1985, c. 83
AND IN THE MATTER OF WILHELM HERBERT WALTER a.k.a.
WILHELM HERIBERT WALTER a.k.a. MARRY WALTER a.k.a.
WALTER HIEBERT a.k.a. WILHELM HERBERT VON GALLERTH a.k.a.
WALTER VON GALLERTH a.k.a. WILHELM HERBERT VON GALLERTH AND
BUSINESS FINANCIAL MANAGEMENT CONSULTANTS AND v. G/L
COMPUTER SALES AND SERVICE AND MARKET CENTRE QUOTATION AND
THE MARKET CENTRE INC.
S.B.C. 1985, c. 83
AND IN THE MATTER OF WILHELM HERBERT WALTER a.k.a.
WILHELM HERIBERT WALTER a.k.a. MARRY WALTER a.k.a.
WALTER HIEBERT a.k.a. WILHELM HERBERT VON GALLERTH a.k.a.
WALTER VON GALLERTH a.k.a. WILHELM HERBERT VON GALLERTH AND
BUSINESS FINANCIAL MANAGEMENT CONSULTANTS AND v. G/L
COMPUTER SALES AND SERVICE AND MARKET CENTRE QUOTATION AND
THE MARKET CENTRE INC.
Agreed Statement of Facts and Undertaking
The following agreement has been reached between Wilhelm Herbert Walter ("Walter") and the Superintendent of Brokers (the Superintendent"):
1. | | As the basis for orders made under section 144 of the Securities Act, S.B.C. 1985, c. 83 (the "Act") withdrawing the statutory exemptions of Walter, he acknowledges that: | |
a) | | on April 17, 1990, he pleaded guilty to one count of fraud which read as follows: | |
| That between the 22nd day of February, 1988, and the 15th day of October, 1988 at the District of Mission, County of Westminster, Province of British Columbia, he did by deceit, falsehood or other fraudulent means defraud Robert Lewis COWHERD of money to wit: One Hundred Thirty-One Thousand Five Hundred Seventy Dollars and Six Cents ($131,570.06) contrary to section 380(1)(a) of the Criminal Code of Canada; | |
b) | | the offence related to Walter effecting trades in securities when not a registered representative and not delivering the securities to the purchasers. | |
c) | | on May 17, 1990, he was sentenced to six years imprisonment in relation to the above of fence; | |
2. | | Walter hereby consents to orders of the Superintendent under section 144(1)(c) and 144(1)(d) of the Act in the form attached hereto as Schedule "B" (the "Order"). | |
3. | | Walter waives his right to a hearing and review by the British Columbia Securities Commission under section 147 of the Act with respect to the Order. | |
WILHELM HERBERT WALTER
Dated at Vancouver, British Columbia, this 3rd day of April, 1991.
W.D. NESMITH, Superintendent of Brokers