ASC alleges fraud against Cleone Couch and Shire International Real Estate Investments

CALGARY, April 1 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against Jeanette Cleone Couch, Shire International Real Estate Investments Ltd., and Bearspaw at 144th Avenue Ltd. alleging that they perpetrated a fraud on Alberta investors.  ASC staff also allege that Couch, Shire International Real Estate Investments, Bearspaw at 144th Avenue, Shire Asset Management Ltd., and Hawaii Fund made false and misleading statements to investors in offering memoranda filed with the ASC, and falsely certified that the offering memoranda did not contain a mistrepresentation. In addition, ASC staff allege that Couch made false and misleading statements to ASC investigators.

An appearance to set a date for a hearing will be held at 2 p.m. on April 12, 2011 in the ASC Hearing Room, 5th floor, 250 - 5th Street SW, Calgary, Alberta.

A copy of the notice of hearing can be found on the ASC website at

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors.  As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.


SOURCE Alberta Securities Commission

For further information:

For Media Inquiries: 

  Mark Dickey
Senior Communications Advisor
For Investor Inquiries:   
ASC Public Inquiries
Toll Free 1.877.355.4488



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