BCSC claims Deyrmenjian stashed assets with relatives

2026-03-12 20:09 ET - Street Wire

Also Street Wire (U-KNKT) Kunekt Corp

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Well, without even looking at what the transferred real estate would be worth in last year's market, surely a 2011 manipulation which has cluttered up the BCSC and BC court systems until 2024 was a wee bit slow moving?

BCSC records indicate that in March of 2019, the panel ordered that Deyrmenjian must disgorge $7.14 million, plus pay an administrative penalty of $700,000.

The BCSC also ordered that Khorchidian disgorge $7.15 million, representing the net proceeds he received from trading in Kunekt shares in accounts beneficially owned by him, and that he pay an $850,000 administrative penalty.

Alas, the BCSC's unpaid penalties listing shows that Mr. Khorchidian also has an unpaid amount owing, with no record showing that he has paid or is paying any of the balance owing.

On the plus side, the BCSC does charge interest on unpaid fines, but isn't that just rubbing salt into the public's wounds when the accrued interest is also unpaid?