The Financial Markets Authority (AMF) has filed 138 charges against Julie Morin, Mario Nino De Santis, and Tom Hubert Fournier, three individuals accused of having lost some $ 184 000 savings to forty Quebec.

In this case, the three defendants recruited investors interested in buying shares Tectane Technologies Corporation, promising them high returns.

The defendants did not go with the back of the spoon to convince potential investors. In addition to a “coming soon” on the stock market, Sylvain Théberge, spokesman for the AMF, said that on occasions they would not have hesitated to believe in a financial commitment ($ 350 million) of World Bank in Tectane, a public release of Bono, lead singer of U2, along with Tectane.


For these actions, Mario Nino De Santis, real estate agent in Florida and claimed Tectane president, faces 64 charges and is subject to a demand fined $ 402 000 for several offenses including those of illegal practice and broker aid distribution without a prospectus.

Julie Morin (not to be confused with two brokers of the same name, see below), a close ally of Mr. De Santis, faces for his part in 72 counts. The MFA calls him a fine of $ 216 000 for offenses similar to those alleged against Mario Nino De Santis.

Finally, two charges are brought against Tom Hubert Fournier and fined him $ 9 000 is claimed.

In total, the AMF is therefore demanding their fines totaling $ 627 000. The three defendants have 30 days to plead guilty or not guilty to 138 counts which they were convicted.

It is important not to confuse the respondent Julie Morin with two representatives in insurance and mutual fund dealers named Julie Morin. The certificate number of the first is 1525741, while the second is 2089451.

Source: Tectane Technologies Corporation

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