"WEDNESDAY
August 23, 1995

G&G The bottom
line is that the
“accident was
caused by brake
failure. 99
_ Motor Vehicle Inspector
Jay Northcott ‘comment-
ing on Aug. 16 Highway 1
accident that kilied two
people. See story page 3.
| Around Town...
] Business.
a Classifieds..............35
W Crossword. cnc
on: Mailbox...... ;
@ N. Shore Alert..... se nll
; & Shore Shots.

“TV Listings...

r interconnecting
“Thai sensations: :

Sailor Hagar’s ~
ae hail the ae

sports”

‘Local cyclists. set

record on the road: 1 t

Musta nas ‘win 'sr.'s -
Sio- Pitch Cup:. 12

seems 8

THE CLOUD of controversy hanging

over a West Vancouver stock promot-
er darkened further T hursday, when

“the RCMP charged’ Larry Kostiuk

and his’ North: Vancouver. banker,

‘Sandy Anderson, in a fraud case of

more than $1 million.

“By Brent Mudry

Contributing Writer °

A corporate accountant also faces a charge

“of making false financial statements,

The, involvement of a lawyer is also under

investigation, but no charges are contemplat-

ed yel.: ;
The precedent- -setting case: aay mark the

first time in Canada that.a stock promoter, a
banker and an accountant “have ‘been jointly

charged.

“We' are taking, a very cluseleok at the
; roles of all professionals in these schemes,”

el Johin Slite veteran of the com-

; merci al Crime-section of the RCMP. -
“The joint prosecution follows a “genera! :

statement made by lawyer Jim Matkin after he

Weather

Thursday: Mix of sun and clouds
High 21°C, low.11°C.

NEWS photo Brad Ledwidge ~

EMERGENCY. CREWS worked quickly to help a West Vancouver couple whose.’
car was hit by the Royal Hudson train on Saturday near Ambieside Park. The»
elderly couple were not seriously injured after the train pushed their car about
a haif block down the tracks. See story on page 3. ;

Commercial
crime cops act
on Evergreen
investigation

concluded a critical inquiry of the Vancouver
Stock Exchange (VSE) last year.

“There is no doubt” that many -VSE
schemes are ‘facilitated with the knowing
involvement of lawyers’ and accountants.
Matkin told a reporter when he released his
candid repart.

The RCMP alleges that Kostiuk worked
with the professionals before he was ousted as
president of North Vancouver software firm

* Evergreen International Technology.

a total of six charges inva
sword, in B.C.

The trio face
multi-count: information
Provincial Court.

*Kosttuk, a
Properties,

i
resident of the British

is charged with bribing Sandy.
“Anderson, a former branch manager with the

North Shore Credit Union. :

“ Anderson. of North Vancouver, headed the
credit union's Lynn Valley branch unti) this
spring. *

The pair are also charged with defrauding
two Swiss investors of $350,000.
Kostiuk allegedly: received* most of the

_Mmoney,

- Police allege Anderson accepted a bribe of
15,000 Evergreen shares. ;

Court documents indicate. Anderson's role
involved his position at the credit union. ;

Vancouver: accountant Greg Smith, who |
served as Evergreen’s auditor, is charged with”
making false financial statements . with
RKostiuk in a prospectus filed with the BC.
Securities Commission. :

The promoter faces the same charge. :

The promoter is no stranger to the law.
lronically, he served us an RCMP officer him-
self before embarking on a 29-year career’
promoting VSE stocks.

Kostiuk is also, chaged with < ‘isguing °

’ Evergreen, shares by deceit or falsehood by

manipulating the company’s books, ce
The charge includes a ‘questionable’ pay: ;

See Probe page 3
1, :