Haarlem Universal Corp.

A securities fraud civil lawsuit has been filed in the United States against an investment firm that used addresses in the Bahamas and Belize while raising money in an alleged high yield investment scam. The action was filed by the SEC against Tri-West Investment Club, Alyn Richard Waage and Haarlem Universal Corp. at the U. S. District Court for the Northern District of California on September 6, 2001.

Tri-West Investment Club, which raised approximately $50 million from more than 6,000 people by promising monthly returns of ten per cent, has stopped payments after its founder was arrested in Mexico.Alyn Richard Waage, 55, was arrested carrying $4.5 million in cashiers' checks and money orders after he landed at Puerto Vallarta on a leased Lear Jet in April, according to international press reports.

The British Columbia Securities has issued a Temporary Cease Trade Order against an offshore investment scheme run by Tri-West Investment Club that offers "risk-free" annual returns of up to 300 per cent. The Order relates to Tri-West Investment Club, its President, Jason Kingsley; Haarlem Universal Corp., its founder, Alex Haarlem, Alan Richards and Mark Goldman.