Fraudster accused of breaching OSC order

Ban stems from illegally trading and distributing securities of A25 Gold Producers Corp.

Fraudster accused of breaching OSC order

The Ontario Securities Commission (OSC) today announced that James Stuart Adams of Toronto, Ontario, has been charged with one count of breaching an order under section 122(1)(c) of the Securities Act.

Adams is alleged to have breached a March 2015 Commission order, which banned him from serving as a director or officer of any issuer for five years. Adams is alleged to have continued his role as officer of Integral Transfer Agency Inc. (“ITA”). He is also linked to Vybe Networks Inc. (“Vybe”), BizToolz Network Inc. (“BizToolz”) and Excelsior Solutions Corporation (“Excelsior”).

On March 5, 2015, Adams entered into a settlement agreement with the OSC in which he admitted to violating Ontario securities law and agreed to sanctions including the ban from acting as a director or officer of an issuer. He admitted to perpetrating a fraud on investors who purchased securities of A25 Gold Producers Corp. (“A25”), and also confirmed that he illegally traded and distributed A25 securities, made inaccurate, incomplete, and/or misleading statements, and acted contrary to the public interest.

Mr. Adams is scheduled to appear in court on this matter on February 5, 2020, at 11 a.m. in Courtroom #111 at the Ontario Court of Justice, Old City Hall Courthouse, Toronto, Ontario.

Any investors who were solicited by Adams and/or representatives of ITA, Vybe, BizToolz and/or Excelsior should contact the OSC’s Contact Centre at 1-877-785-1555 (Toll Free) or [email protected].

This investigation was conducted by Staff within OSC Enforcement who investigate quasi-criminal and criminal offences relating to securities, including investigating alleged recidivists.