Hans P. Black (Dr.)

18 May 2019
Un fraudeur vend son domaine 4,35 M$
(TVA) Un immense domaine dans les Laurentides, s’étendant sur plusieurs centaines d’acres, du financier déchu de Westmount Hans Black a finalement et discrètement été vendu l’an dernier pour une fraction du prix initialement demandé. Selon des documents notariés consultés, le domaine, tout près de Tremblant, a trouvé preneur pour 4,35 millions $.

31 December 2016
Un «bon ami» de Couillard condamné
Jean-François Cloutier
(Journal de Montréal) Un financier montréalais déchu vient d’être condamné à verser 7,4 M$ US pour avoir mis de l’argent de ses clients dans des firmes qui le payaient, dont une a été administrée par le premier ministre Philippe Couillard.
La Securities and Exchange Commission (SEC), l’équivalent de l’Autorité des marchés financiers (AMF) aux États-Unis, a annoncé le 28 décembre avoir obtenu un jugement par défaut contre Hans Peter Black et sa firme de gestion d’actifs Interinvest. Black doit verser 7,4 M$ US en pénalités, intérêts et remboursements.
Argent flambé
Selon la SEC, Hans Black, qui vivait à Westmount jusqu’à tout récemment, a rompu ses responsabilités fiduciaires en investissant l’argent de ses clients, soit 17 millions $ US, dans «quatre penny stocks canadiens en difficultés financières».

December 23, 2016
SEC v. Interinvest Corporation, Inc.: Final Judgment
Final Judgment in SEC v. Interinvest Corporation, Inc. at the U. S. District Court for the District of Massachusetts.

28 July 2015
Interinvest Corp. Inc. and Hans Peter Black
New Hampshire Secretary of State (.gov)
https://www.sos.nh.gov › inline-documents › sonh
Respondent Interinvest shall jointly and severally pay restitution in the amount of $177,755.54 to Investor #1, $30,411.39 to Investor #2, and ..

17 June 2015
SEC charges firm, Canadian owner
U.S. regulator alleges Interinvest and Hans Peter Black funneled client assets into four stocks without disclosing Black’s interest in those companies
(Investment Executive) The U.S. Securities and Exchange Commission (SEC) is accusing a Boston-based investment advisory firm and its Canadian owner of directing more than US$17 million into four Canadian penny stock firms without disclosing the owner’s financial interest in those firms.
The SEC has filed fraud charges against Interinvest Corp. and Hans Peter Black, of Westmount, Que., alleging that they funnelled client assets into four Canadian penny stocks without disclosing that Black had served on the boards of the four firms at various times and that these firms had collectively paid $1.7 million to a company that he controls, Montréal-based Zurmont Research Inc.
In doing so, the SEC alleges that Interinvest and Black violated the antifraud and related provisions of the federal securities laws. The allegations have not been proven.
“Investment advisors have a duty to put their clients’ interests first and fully disclose all conflicts of interest,” said Paul Levenson, director of the SEC’s Boston office. “We allege that Interinvest and Black violated that duty by investing client money in companies [in which Black] has a stake without fully disclosing that conflict to clients.”
The four penny stock firms named in the SEC’s complaint are Tyhee Gold Corp., Williams Creek Gold Ltd., Amorfix Life Sciences Ltd., and Wi2Wi Corp.
The SEC also notes that an affiliated Canadian firm, Interinvest Consulting Corp. of Canada Ltd., was registered in both Quebec and Ontario as a portfolio manager until 2012. Those registrations are currently listed as suspended (pending surrender) in the Canadian regulators’ National Registration Database. None of those firms are charged in the SEC’s complaint.

15 April 2015
Quebec premier distances himself from ex-colleague accused of fraud
(CTV) Quebec Premier Philippe Couillard says he is the victim of a smear campaign after a Montreal newspaper report that a former colleague of his has been accused of financial fraud.
Couillard denied today he has anything to do with the fraud allegations against Hans Peter Black, a former colleague on the board of directors of a medical research company called Amorfix Life Sciences.
Couillard was president of Amorfix’s board of directors between 2010 and 2012, a period in which he was out of politics.

24 November 2009
Quebec money manager probed in Bermuda
High-profile Montreal-based investment manager Hans Black is at the centre of a criminal investigation in Bermuda.
(CBC) Black is the president of Montreal-based Interinvest Global Asset Management, a company reportedly managing some $2 billion in assets, primarily for overseas clients.
In June, a Bermuda court found Black — who is regularly quoted by financial magazine Barron’s and the Financial Times, and is a frequent guest on PBS’s Nightly Business Report — had misappropriated $5 million from one of his Swiss clients’ investments.
In 2008, Regula Dobie, launched a lawsuit in an attempt to recover $6 million she said she had invested with Black. The money was to have been placed in an investment fund in Bermuda.
The Supreme Court of Bermuda (Commercial Court) determined Black invested $5 million in a firm called Wi2Wi, without Dobie’s permission. It turns out Black is chairman of the Wi2Wi board of directors.
“In his judgment, the judge was also very scathing of … Black personally,” said independent investment journalist David Marchant, who has followed the case.