York Rio Securities, Scam or no Scam

Hello,

This Blog was created in response to some information collected over the course of the last couple of days regarding a ‘CTO (Cease Trade Order) issued by the Ontario Securities Commission (OSC) in the securities of Brilliante Brasilcan Resources Corp., York Rio Resources Inc., and their representatives, including Brian W. Aidelman, Jason Georgiadis, Richard Taylor, and Victor York.’

Further follow up with the Canadian Securities Administrators has identified a CTO issued by the ‘Securities Division of the Saskatchewan Financial Services Commission (SFSC) on November 12, 2008, against York Rio Resources Inc., Victor York also known as Victor Georgiadis, Adam Sherman also known as Jason Sebrooke also known as Michael Chambers, Tom Parker, Joe London, Peter Robinson, Mark Roberts, Abraham Saks, Michael Walsh and Kevin Crawford. Victor York is the President and sole director of York Rio while Sherman, Parker, London, Robinson, Roberts, Saks, Walsh and Crawford act on behalf of York Rio as sales representatives. The order expires on November 27, 2008, and may be extended.’

In March of 2008 a colleague and I were initially contacted by Tom Parker representing York Rio Resources Inc. Tom was very convincing on the sale of York Rio securities stating that the company has completed numerous phases of development and is in fact in the production phase. Tom went further to state that York Rio was to begin public trading on the Toronto Stock Exchange (TSX) by the fall of this year. During the conference call between Tom, my colleague and I, Tom discussed the success he has had in the past with other companies bringing them to open public trading. Of course understanding there is risk in stock trading, this still seems to be a good investment, my colleague and I purchased a significant amount of securities in York Rio.

Over the course of a few months we were in contact with Tom Parker and then Mark Roberts took over. Mark discussed a potential merger with another company, stating that it was 99.9% certain. Mark also stated that even if the merger fell through, York Rio would still go to public trading in the fall/winter of this year but on the Frankfurt exchange rather than the TSX. Mark then offered what were to be the last few shares in the company to my colleague and me. Mark stated that he and his ‘team’ have researched York Rio and in fact felt confident enough to become a major share holder himself (Mark states that he turned down a salary in lue of shares). Mark was very convincing and we again purchased a significant amount of securities in York Rio. The merger fell through and there is still no foreseeable future on the public exchange.

It is apparent that we are not the only persons concerned with what is happening with our considerable investments in this company as the issue has been brought to the attention of the OSC, SFSC and BCSC (which is still under investigation).

This Blog has been created as we would like to contact other York Rio / Brilliante Brasilcan share holders who may have any input (positive or negative) in which they are willing to share.
This blog has been created as this is the only way we know how to contact other investors regarding this situation. You can contact us directly at yorkrio.investors@gmail.com.