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Gregory Pek, the former president and
CEO of tech stock First Ecom.com, now called Brek Energy Limited, has stepped
down and been replaced by Richard Jeffs. First Ecom.com achieved infamy in Bermuda
when investors such as the Bank of Bermuda and clients of Lines Overseas
Management lost millions in the company, which is now involved in petroleum and
natural gas exploration through its subsidiary Villenar Energy Corp. According
to web-based news letter InsideBermuda: “Brek energy has negligible revenue and
pays for its plethora of related party transactions and other expenses through
the sale of shares to the public.” |
