The Financial Markets Authority (AMF) is prosecuting a Quebec businessman, Yanik Guillemette, and his company Réseau Outgo, specializing in electronic commerce of gift cards and gift packages to consumers, on charges of fraud and ‘illegal exercise of the activity of broker’ for having solicited investments without the required regulatory authorizations.

According to the investigation carried out by the Authority, which led to the filing of 13 criminal charges in the Court of Quebec, Yanik Guillemette would have “sought sources of financing for Outgo, among other things by publishing advertisements on a website of buying and selling businesses. »

However, underlines the AMF, Yanik Guillemette and his company Outgo “have never been registered in any capacity whatsoever” with the regulatory authorities.

Also, according to the AMF, the Outgo company “has never established a [placement] prospectus submitted for its approval, nor benefited from a prospectus exemption for the investments covered by the charges. »