HA Salvatore Cazzetta linked to Amaya Inc. - Update

Thanks to alleged complex schemes of stock market manipulation, near crime figures have been able to benefit from the sale of certain shares of junk to small investors in Quebec. This disturbing information is contained in a voluminous dossier of inquiry the authority of financial markets (AMF), dubbed "Project Consortium". A close associate of the former Godfather Vito Rizzuto, Tony Papa, was at the heart of many stock promotions in recent years targeted by the AMF.

The name of the number one of the Hells in Quebec, Salvatore Cazetta, is also in the testimony to the AMF of a businessman close to the HA, Michel Demontigny. According to Demontigny, Casey would have paid $1 million to Serge Ollu to invest in the stock market. Michel Demontigny said being beaten on numerous occasions to repay interest 'due'.

Salvatore Cazzetta, alleged leader of the Hells Angels in Quebec April 22, 2015. Amaya Inc. is denying any knowledge of or connection to reports that an alleged biker gang boss bought stock in the company ahead of its purchase of the world's largest online poker room. Montreal’s La Presse newspaper is reporting that police have their sights on Amaya because Salvatore Cazzetta, one of the alleged leaders of the Hells Angels in Quebec, purchased $10,000 in Amaya stock just before the company bought internet giant PokerStars last June for $4.9 billion. In the lead-up to the deal, Amaya’s stock price doubled to more than $14 a share. It would eventually climb past $38 a share.

Last December, Amaya’s headquarters west of Montreal were raided by the RCMP and the AMF during an investigation into trading activity surrounding the acquisition of PokerStars. The offices of investment banker Canaccord Genuity and Manulife Financial were also raided.

http://business.financialpost.com/news/fp-street/amaya-inc-refutes-connections-to-reports-of-hells-angels-insider-trading