You are here
Former Northwest Territorial Mint executives guilty in $25 million Ponzi scheme
By Chase Hutchinson
Tacoma (Washington) News Tribune
Saturday, July 31, 2021
The former president and CEO of a precious metals firm based in Federal Way and Auburn was convicted Friday of mail and wire fraud in what the Justice Department is calling a "Ponzi-type scheme."
In a release, federal officials said Bernard Ross Hansen, 60, was convicted of multiple counts of wire and mail fraud that defrauded more than 2,500 customers of $25 million. Also convicted was 48-year-old vault manager Diane Renee Erdmann.
... Dispatch continues below ...
Asante Gold Announces Acquisition of Resolute's Bibiani Gold Mine in Ghana for US$90 Million
Company Announcement
via Globe Newswire, Omaha, Nebraska
Wednesday, August 4, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp (CSE:ASE / Frankfurt: 1A9 / U.S. OTC:ASGOF) announces that it has entered into an agreement with Resolute Mining Ltd. to purchase 100% of the Bibiani Gold Mine in Ghana.
Asante has agreed to buy all of Resolute's interest in Bibiani, through the purchase of 100% of the shares in Mensin Bibiani Pty Ltd., by paying to Resolute total cash consideration of US$90 million ...
The agreement has received ministerial consent, having been approved by the Ghanaian minister of lands and natural resources, with completion expected 10 days after the date of this announcement (subject only to no material adverse change over this period). ...
To fund the initial payment, start-up, and working capital, Asante has accepted subscription receipts from accredited investors for C$80 million, which on completion will convert to 118,857,143 Asante common shares at C$0.70 per share. A finder's fee of 4% of the total subscription receipts is payable in shares. No new control blocks will be created as a result of this financing. ...
... For the remainder of the announcement:
https://finance.yahoo.com/news/asante-gold-announces-acquisition-resolute-003100480.html
Sentencing is scheduled for October 29. The duo could face up to 20 years in prison for each count of the conviction.
The company, Northwest Territorial Mint, had offices in both Federal Way and Auburn. It declared bankruptcy in April of 2016. ...
... For the remainder of the report:
https://www.thenewstribune.com/news/local/article253166613.html
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
2 Poydras St., New Orleans, Louisiana
Tuesday-Friday, October 19-22, 2021
https://neworleansconference.com
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
